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The unemployed cannot save

I have written before about the obscene way the Australian Federal Government is treating the people who have been forced to live for extended periods on unemployment benefits as a result of the Government’s refusal to create enough jobs. The current dole payment is well below the poverty line in Australian and the Government has refused to lift it saying it would undermine the incentive for the recipients to seek work. The problem is, of-course, that there isn’t anywhere nearly enough jobs or hours of work being generated in the economy and at least 12.5 percent of workers are unemployed or underemployed and that proportion will rise in the coming year as a result of the Government obsessive pursuit of a budget surplus. But in Australia, not only does the government deliberately create unemployment but it then forces the victims of that failed policy strategy into humiliating schemes of income management, which the evidence now confirms is nothing more than another layer of managing the unemployed rather than advancing living standards.

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