Politics

When does JobKeeper end? Workers, businesses prepare for wage subsidy to stop today

Will it be a cliff or a steady slope?

That is the question on the minds of workers, business owners, economists and politicians as JobKeeper comes to an end.

The wage subsidy was introduced on March 30 last year in a bid to stem a massive boost to the dole queue at the onset of the coronavirus pandemic.

As Treasurer Josh Frydenberg put it in parliament this week, the early months of 2020 had been a time when “Australia was staring into the abyss”.

“Where Treasury could see a situation where the unemployment rate could reach 15 per cent.

JobKeeper payments will be slashed at the end of this month. Credit: Sam Aitken

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