Wage subsidies safely in the bank
A Labour Government gave business owners $16.6b in cash in seven months to stop Covid-19 causing a depression. It worked and supported 1.6m jobs, but it also helped businesses save an extra $21.7b.
A Labour Government gave business owners $16.6b in cash in seven months to stop Covid-19 causing a depression. It worked and supported 1.6m jobs, but it also helped businesses save an extra $21.7b. Bernard Hickey looks at whether the wage subsidies were the best or only way to rescue the economy, and whether that taxpayer cash improved wellbeing for mos…
Keep reading with a 7-day free trial
Subscribe to The Kākā by Bernard Hickey to keep reading this post and get 7 days of free access to the full post archives.