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Make no mistake. This weaning process will be painful – Sydney Morning Herald

Beginning the painful process of weaning our economy off JobKeeper life support remains the sensible option.

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But amid a rapid escalation in new cases this week, the JobKeeper 2.0 scheme announced on Tuesday could end up being the reverse story.
It could yet turn out that Treasury’s earlier pessimism has given way to undue optimism. Only time will tell.
Amid the uncertainty, however, the government’s decision to continue JobKeeper, albeit at a reduced rate and with tighter eligibility, appears a sensible compromise.
Importantly, the scheme remains a demand driven one. That is, if more businesses cont…

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