Modelling the impact of a $75 per week increase in Newstart payments on the nation's economy
‘Unemployment benefits and a range of other payments haven’t kept pace with Australian living standards over the past quarter of a century.
What if we undid that? The Australian Council of Social Service (ACOSS) asked Deloitte Access Economics to model a ‘catch up increase’ of $75 a week for the least well off in Australian society. Our results show what would happen to both prosperity (the size of the pie) and fairness (how the pie is sliced up). ‘