Bang for mega-bucks: how many jobs can $42 billion buy?

The ABC Radio National Interest programme ran a segment last night about the unemployed! Yes, they are the ones that actually lose their jobs in an economic downturn and bear the brunt of the adjustment. The programme was interested in why the $42 billion package announced by the Federal Government had very little in it for this group. Presenter Peter Mares interviewed me and I outlined how the Government could actually introduce an employment guarantee and generate around 560,000 FTE jobs for $8.3 billion. You can hear the segment HERE.

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