Australian Treasurer Josh Frydenberg remains firm that the JobKeeper wage subsidy “has to end” in March as planned. He said a Treasury review found JobKeeper is having perverse incentives on the employment market. In particular, it is preventing workers from moving freely between jobs. “This successful and expensive program must end, but other policies will fill that place,” Frydenberg said, referring to initiatives such as infrastructure and business incentives, and tax cuts. New figures show that 2.1 million workers and 520,000 businesses have left the wage subsidy scheme since September. with Frydenberg writing in a post on Twitter, “This is good news – Australians across the nation are getting back to work & our economic recovery is well underway.” Victoria remains the most reliant on the scheme, with only 44 percent off JobKeeper in the December quarter compared to the previous quarter. All other states saw a drop of 60 percent …
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