Pandemic pain remains as Australia’s economic recovery leaves the poor behind

<https://theconversation.com/pandemic-pain-remains-as-australias-economic-recovery-leaves-the-poor-behind-180238>

"“Our recovery leads the world,” treasurer Josh Frydenberg told Australia on
budget night last week. “We have overcome the biggest economic shock since the
Great Depression.”

The government has repeatedly emphasised forecasts of the lowest unemployment
rate since the end of the post-World War II economic boom, a time when “full
employment” was the norm.

But a bigger story lies beneath the headlines. Our new report, titled Scarring
Effects of the Pandemic Economy, shows Australia’s recovery has not been the
rising tide that lifts all boats.

While JobKeeper and related policies cushioned the worst impacts of the crisis,
the federal government has failed to address rising financial pressure or
exclusion of the poorest and most marginalised in our community."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics