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Scott Morrison is warned TWO MILLION jobs could be lost to corona crisis in a matter of weeks

TWO MILLION Australians could lose their jobs in a matter of weeks because of the coronavirus shutdown

  • Scott Morrison has been told two million jobs could be lost in just two weeks
  • ACTU secretary Sally McManus urged the PM to subsidise pay for those affected
  • Unions want employees to receive $5,200 per month during the coronavirus 
  • Coronavirus symptoms: what are they and should you see a doctor?
  • Coronavirus symptoms: what are they and should you see a doctor?

Scott Morrison has been warned two million Australians could lose their jobs in two weeks due to coronavirus.

Australian Council of Trade Unions secretary Sally McManus said the scale of unemployment will skyrocket as the retail, hospitality, transport, personal services, arts and recreation industries will continue to suffer major job losses due to health-ordered business shutdowns. 

These five industries make up for 3.3million jobs – or 26 per cent of total employment in Australia. 

‘The severe downturn already occurring in those sectors is sufficient to cause a major recession (destroying 1-2 million jobs in coming weeks),’ she said in a letter to the Prime Minister on Wednesday.  

Ms McManus urged the Prime Minister to implement wage subsidies for employees of up to $5,200 per month to help those who lose their job because of the coronavirus. 

Scott Morrison has been told two million Australians could lose their jobs in two weeks due to the coronavirus and unions urge him to subsidies the pay of those affected

Scott Morrison has been told two million Australians could lose their jobs in two weeks due to the coronavirus and unions urge him to subsidies the pay of those affected

CORONAVIRUS CASES IN AUSTRALIA: 2,368

New South Wales: 1029

Victoria: 466

Queensland: 443

Western Australia: 205

South Australia: 197

Australian Capital Territory: 44

Tasmania: 36 

Northern Territory: 5

TOTAL CASES:  2,425

DEAD: 8

‘We are demanding that the Morrison Government immediately provide an Australian coronavirus wage of up to 80 per cent of a worker’s wage for hard hit employers that would otherwise stand down or make their employees redundant so we can save jobs and avoid an economic catastrophe,’ Ms McManus said in a statement. 

‘This will give immediate certainty to both business and working people. It will keep people in employment now and into the future.’ 

On Wednesday, Mr Morrison rejected the idea of direct wage subsidies for employees. 

Instead, the government has implemented a time-limited $550 per fortnight coronavirus supplement to be paid over the next six months, from April 27, costing $14.1 billion. 

That means if you lose your job and have to go on the JobSeeker payment (formerly Newstart) then your payments rise from $565.70 a fortnight to $1115.70. 

He said subsidies would require a new payment system and argued the existing methods were the most efficient way to support employers and workers.   

But Ms McManus said delivering the coronavirus supplement on April 27 was too late and would put unnecessary stress on many Australians who can not work during the coronavirus outbreak.     

She wants the supplement backdated to March 22 to provide people with relief immediately. 

ACTU secretary Sally McManus said the scale of unemployment will skyrocket as the retail, hospitality, transport, personal services, arts and recreation industries will continue to suffer major job losses due to health-ordered business shutdowns

ACTU secretary Sally McManus said the scale of unemployment will skyrocket as the retail, hospitality, transport, personal services, arts and recreation industries will continue to suffer major job losses due to health-ordered business shutdowns

Ms McManus urged the Prime Minister to implement wage subsidies for employees of up to $5,200 per month to help those who lose their job because of the coronavirus

Ms McManus urged the Prime Minister to implement wage subsidies for employees of up to $5,200 per month to help those who lose their job because of the coronavirus

The Council of Small Business Organisations of Australia chief executive Peter Strong said the current arrangements have been too complex for employers.  

‘They are fine but they have become too complicated now. We have had to send out a lot of documents as have all industry organisations trying to explain how it works to people. It has become very complicated,’ Mr Strong told The Australian

‘If the direct subsidy removes complication and gives certainty to people it should be considered, yes.

‘I’m not saying have one. I’m saying it’s got to be on the table. It can’t be rejected.’ 

Digital Finance Analytics principal Martin North said Australia’s four million workers, who were either casuals or sole traders, were at particular risk as the economy suffered from the worst economic crisis in 88 years.

‘We are looking at, in a worst-case scenario, parallels to deep recession and depression,’ Mr North told Daily Mail Australia.

Last week, he forecast a jobless rate of 14 per cent by 2021 but has now revised his predictions to have that occurring now by November, fearing the ‘rate of decline is faster and deeper’.

‘Now it’s a question of how long at the bottom,’ he said.

‘Unemployment is what we need to be watching.

‘We already know there’s a very significant underbelly in the economy that will basically be out of a job.’

WHAT WILL CENTRELINK PAY?

The $550 a fortnight coronavirus supplement will boost the following payments for the next six months:

Single, no children  $1115.70 (up from $565.70)

Single with a dependent child or children  $1162 (up from $612)

Single, aged 60 or over, after 9 months on payment   $1162 (up from $612) 

Partnered $1060.80 each (up from $510.80 each)

Special case single carers such as foster parents $1,340.10 (up from $790.10) 

This $550 supplement will also be added to other welfare categories such as youth allowance and farm household allowance. Check if you get it here

Austudy and Abstudy have also since been added to the recipients, Finance Minister Mathias Cormann told the Senate on March 23

The time-limited coronavirus supplement will cost an estimated $14.1 billion 

The first $750 coronavirus supplement announced on March 12 

One-off payment to welfare recipients registered from 12 March to 13 April. Check your eligibility here 

This is estimated to cost Australia $4.8 billion 

 The second $750 payment announced March 22

 A second one-off payment for welfare recipients registered on 10 July. Check your eligibility here 

This is estimated to cost Australia $4 billion 

Retirees get lower social security deeming rates and more flexible super

Lower deeming rates will add $105 more to the aged pension in its first year from May 1. Details are here

This is expected to cost the Budget $876 million 

Fact sheets on all the proposed benefits can be found at the Treasury website 

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Written by Angle News

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