
Before going on to universities, China and population, a quick word on Jobkeeper.
Figures made public by the Parliamentary Budget Office this week, largely to the unrelenting work of ACT Labor MP Andrew Leigh, show that $20 billion in JobKeeper money was handed to companies whose revenue actually rose during the first 12 months of the scheme.
Very few companies have paid the money back, unless shamed in to it by threats of consumer boycotts. The money was supposed to support jobs, but most of the $20 billion paid to companies who revenue was unaffected by Covid went to share dividends (including a lot to foreigners), share buy-backs, and executive bonuses.
Continue reading “Good idea goes badly wrong”



