Raising Newstart – an economic and social winner

Brendan Rynne explores the economic impact that raising the level of Newstart would have.

With the economy slowing there are no shortage of suggestions for actions to stimulate growth. Of course the Reserve Bank of Australia’s (RBA) rate cuts and the Federal Government’s tax cuts package are intended to do just this, although both are the subject of much debate by economists and others.But there is another action that could be taken which to my mind, has little to dispute its economic benefit. And it has the welcome bonus of being socially equitable too.Raising the level of Newsta...

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Authors: Brendan Rynne

Published Date: 23 July 2019