The former Morrison government’s $89 billion JobKeeper wage subsidy went on for too long during the pandemic and ultimately tied workers to lower-paying jobs, an independent review has found.
Research by the non-partisan e61 Institute found JobKeeper achieved its broad economic aims, but lessons need to be learnt for future economic downturns.
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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 election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
