Join Hafta-Ichi to find out the article “Coronavirus Australia latest update: health officials front Victoria’s hotel inquiry as NSW and Qld try to stem clusters | Australia news”
A low-paid Australian worker laid off during the pandemic will receive the third lowest unemployment benefit in the OECD when the coronavirus supplement is reduced, according to expert analysis.
Despite mass unemployment and an extended stage-four lockdown in Melbourne, the federal government plans to push ahead with a $300 cut to the supplement on 25 September, reducing the base rate of benefits to about $1,115 a fortnight.
An ANU social security expert, Prof Peter Whiteford, said by one key measure Australia’s jobseeker payment and commonwealth rent assistance would drop below all OECD nations except Greece and New Zealand.
His analysis uses OECD data examining what is known as the “replacement rate”, which compares unemployment and housing benefits with the income a person received in their last job.
“The replacement rate sounds rather technical, but what it means is how well can you keep your previous commitments if you become unemployed,” Whiteford said.
Source: The Guardian
Keyword: Coronavirus Australia latest update: health officials front Victoria’s hotel inquiry as NSW and Qld try to stem clusters | Australia news