How JobKeeper turned into profit maker – ABC News

A photo shows an open wallet with $20 and $50 notes, for a story on investing.

For a conservative government obsessed with bringing its budget into line and eradicating six years of its own deficits, JobKeeper at first glance looked like a scheme lifted straight from the texts of the much-reviled John Maynard Keynes. Roundly proclaimed as a game changer when introduced, there’s no doubt the $90 billion flagship scheme was wildly successful. It kept 3.6 million Australians off the dole queue and tied to their employer. And as a secondary political benefit, that had the happy effect of obscuring the true level of unemployment, which only counted those on JobSeeker.

How JobKeeper turned into profit maker – ABC News