One in two Australian workers will soon have their jobs subsidised by the federal government in a bid to prevent a prolonged coronavirus recession.
COVID-19 restrictions have already shut down more than 5,100 gyms and 샌즈카지노쿠폰 6,300 pubs, and forced more than 43,000 cafes and restaurants to become takeaway joints to legally operate.
Conservatively, more than 250,000 small businesses that provide services have had to retrench their staff.
Economists are expecting the shutdown of non-essential services to cause one million workers to lose their jobs in coming months, pushing the jobless rate to the highest double-digit levels since the 1930s Great Depression.
Prime Minister Scott Morrison and Treasurer Josh Frydenberg have responded by unveiling a third stimulus package, worth $130billion, to provide a flat payment of $1,500 a fortnight to six million workers so their bosses keep them on.
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One in two Australian workers will soon have their jobs subsidised by the federal government in a bid to prevent a prolonged coronavirus recession. Pictured is an empty cafe at Fremantle in Perth on March 28, 2020
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In the early weeks of the outbreak in February, more than 13million Australians had a job but the ranks of the employed are expected to dwindle to 12million as one million people lost their job.
That would create a situation where one in two Australian workers will soon have their wages propped by the Jobkeeper payment.
