Australia’s jobless benefits will be among worst in OECD after Covid supplement cut

Original article by Luke Henriques-Gomes
The Guardian – Page: Online : 8-Sep-20

The federal government will reduce the COVID-19 supplement by $300 a fortnight on 25 September. Analysis conducted by Professor Peter Whitford from the Australian National University contends a low-paid worker who has lost their job during the pandemic will receive the third lowest unemployment benefit in the OECD when the supplement is reduced. Whitford uses what is known as the ‘replacement rate’ in his analysis; it compares unemployment and housing benefits with the wage a person was earning in their last job.

CORPORATES
AUSTRALIAN NATIONAL UNIVERSITY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

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