• baseball2020@aussie.zone
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    10 hours ago

    A local economics podcast gave me an interesting point, which was that post covid Australia had one of the better unemployment rates, and it 100% came down to government funding jobs in the care sector. Now I do understand some of those aged/disability care programs got ripped off (like NDIS), but the guests claimed that countries relying on private sector jobs to bounce back basically have worse numbers. Food for thought in the role of government intervention in markets

    • pulsewidth@lemmy.world
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      1 hour ago

      The NDIS scam claims are far overstated from what I understand speaking to people in the system.

      The biggest scam recently was the payouts to businesses during Covid. Just to scratch the surface for example we paid $13bil to businesses that increased their profits during 2020-21 covid crisis, under the guise of Jobkeeper. I know many businesses that took payment despite knowing they had not had 30% downturn, because there were no clawback methods in the legislation. Free money from the taxpayer.