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Job Keepers and Job Seekers: How many workers will lose and how many will gain?

Author

Listed:
  • Rebecca Cassells

    (Bankwest Curtin Economics Centre (BCEC), Curtin University)

  • Alan S Duncan

    (Bankwest Curtin Economics Centre (BCEC), Curtin University)

Abstract

In response to the predicted job losses and business closures brought on by responses to COVID-19, the government has announced an unprecedented Job Keeper package at a cost of $130 billion. The package is expected to reach more than 6 million workers over the next six months and will be backdated to the 1st March, with payments expected to flow through to businesses from the 1st May. The value of this package represents almost half of the entire wage bill ($286bn) of these workers over the six-month period, at around 6.9% of annual GDP. Overall the Job Keeper package will help many businesses to stay afloat and workers to stay attached to their employers as we move through the crisis. A number of questions and issues are nevertheless raised in relation to the implementation, impact and consequences of the Job Keeper payment. We discuss these in this research brief and present modifications of the Job Keeper payment that would see a fairer outcome between part-time and full-time workers.

Suggested Citation

  • Rebecca Cassells & Alan S Duncan, 2020. "Job Keepers and Job Seekers: How many workers will lose and how many will gain?," Bankwest Curtin Economics Centre Report series RB03, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.
    • Handle: RePEc:ozl:bcecrs:rb03
    as

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    File URL: https://bcec.edu.au/assets/2020/03/BCEC-COVID19-Brief-3-Job-Seekers-and-Keepers_FINAL-1.pdf
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    Citations

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    Cited by:

    1. Jeff Borland & Andrew Charlton, 2020. "The Australian Labour Market and the Early Impact of COVID‐19: An Assessment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 53(3), pages 297-324, September.
    2. Hannah Bryson & Fiona Mensah & Anna Price & Lisa Gold & Shalika Bohingamu Mudiyanselage & Bridget Kenny & Penelope Dakin & Tracey Bruce & Kristy Noble & Lynn Kemp & Sharon Goldfeld, 2021. "Clinical, financial and social impacts of COVID-19 and their associations with mental health for mothers and children experiencing adversity in Australia," PLOS ONE, Public Library of Science, vol. 16(9), pages 1-18, September.
    3. Jeff Borland, 2023. "Introduction," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(1), pages 61-69, March.
    4. Rebecca Cassells & Alan Duncan, 2020. "JobKeeper: The efficacy of Australia’s first short-time wage subsidy," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 23(2), pages 99-128.
    5. Brendan Churchill, 2021. "COVID‐19 and the immediate impact on young people and employment in Australia: A gendered analysis," Gender, Work and Organization, Wiley Blackwell, vol. 28(2), pages 783-794, March.

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