Economists and Labor want the federal government to radically rethink and significantly increase wage subsidies for small businesses to cling on to workers and to help underwrite a larger share of the private sector's $300 billion annual wage and salary bill during the coronavirus crisis.
Britain's Prime Minister Boris Johnson is guaranteeing 80 per cent of workers' wages. AP
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
