Morrison’s JobSeeker boost is stingy, mean and bad for the economy

JobSeeker recipients will be able to afford another one or two meals a day on their $3.50 a day increase.

As a high-income-earning mortgage holder, my windfall has been twofold. First, last year’s tax cuts have delivered a boost to my take-home pay of about $93 a fortnight, or $6.66 a day. Meanwhile, the interest rate payable on my $700,000 (ish) mortgage has fallen from 2.69 per cent to about 2.13 per cent (thanks also to some savvy shopping around). This boosts my bottom line by about $150 a fortnight, or $10.74 a day.

Morrison’s JobSeeker boost is stingy, mean and bad for the economy

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