Video: Budget to shift government COVID-19 strategy from ‘job retainment to job creation’ (Sky News Australia)
The Coalition has announced a wage credit worth up to $200 a week per employee if businesses hire young people.
The jobmaker hiring credit will cost $4bn over three years to support the employment of 450,000 people aged 35 and younger.
The measure was welcomed by employers but there are already concerns about what an incentive to hire one cohort of people at risk of unemployment will do to others who miss out.
Why do it?
Youth unemployment is now 14.3%, more than double the general rate