with

BRENDAN O’CONNOR MP
SHADOW MINISTER FOR EMPLOYMENT AND INDUSTRY 
SHADOW MINISTER FOR SCIENCE
SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS
MEMBER FOR GORTON

Senate Estimates today has revealed that the JobMaker Hiring Credit is only expected to create 45,000 jobs, just 10 per cent of the 450,000 jobs that the Morrison Government claims will be supported by the program.

Treasury officials confirmed that 90 per cent of the jobs supported by the Hiring Credit would have occurred without taxpayer funded subsidies, with money not even flowing until February.

While 450,000 people are eligible for the program, Treasury confirmed that only 45,000 of these jobs will be new.

This revelation means that each additional job created by the $4 billion program will cost nearly $90,000.

“In costing this, we’ve made a conservative assumption that about 10 per cent of employment in these firms is genuinely additional. Wouldn’t have happened were it not for the hiring credit… 10 per cent of 450,000, about 45,000.”

TREASURY, SENATE ESTIMATES, MONDAY, 26 OCTOBER 2020.

“[450,000 is] our estimate of the take up of the program given our current outlook… It’s not the same as 450,000 jobs being created.”

TREASURY, SENATE ESTIMATES, MONDAY, 26 OCTOBER 2020.

In a further blow to businesses and job seekers, businesses will only be eligible for the hiring credit once they are no longer receiving JobKeeper.

The Morrison Government loves making announcements, but they never deliver and it’s always hardworking Australians who pay the price.

Decisions taken by the Liberals and Nationals mean that the Morrison Recession will be deeper than necessary and the unemployment queues longer than they need to be.

The Prime Minister has been slow to act during this crisis, and his Government’s deliberate decisions to exclude Australians from support and cut JobKeeper mean the only lasting legacies of this crisis could be higher unemployment for longer and a trillion dollars of debt.

MONDAY, 26 OCTOBER 2020