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Australians deserve to know where jobkeeper went – it shouldn’t be a state secret | Andrew Leigh
If the Morrison government has nothing to hide, it should be honest and tell us how it spent our money
As economies locked down in early 2020, many countries around the world established wage subsidy schemes. Economists know that employment relationships are easier to break than make. So wage subsidy schemes incentivise firms to maintain employment through a temporary slump.
The British scheme was called the job retention scheme. In New Zealand, it was the Covid wage subsidy. Canada set up the Canada emergency wage subsidy. The United States created the paycheck protection program.
Read the original article at The Guardian