3min chapter

The Joe Walker Podcast cover image

How To Put The Economy Into A Coma - Chris Edmond & Steve Hamilton

The Joe Walker Podcast

CHAPTER

The Importance of a Revenue Subsidy

I never thought I would be the, you know, a fierce advocate for a $130 billion wage subsidy. The notion seems absurd. If I think about it, like one month ago, no way. I would have bet a lot of money. This wouldn't happen. But I was pretty aggressively in favor of it. So as he said before, I wanted to replace with that. It's fixed per worker. For any firm who's had a revenue reduction of at least 30%. And very, very large firms, 50%. Government is going to give that firm 1500 bucks a fortnight for every single worker in that firm. covers full time, part time, casuals who've been there

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