Growth, but at what cost?

0

Australia has experienced economic growth in the later quarters of 2020, with a 3.3% increase. Performing better than its peers, the outcome is a result due to the swift government response to the virus and series of stimulus measures and schemes that were put in place to avoid economic loss.

Despite this, further stimulus packages and measures from the government this month that were expected to assist in further economic  recovery, such as additional payments and increases, have instead been slammed as “unlivable amounts” and as being stuck in a previous era. With an increase of just $50 a fortnight added to the Jobseeker base rate this month, it’s becoming more and more obvious to many that the cost of living may be disproportionate to what can actually be afforded by those on it.

Share.

About Author

Leave A Reply

Pin It on Pinterest