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JobKeeper subsidy drops today before it disappears entirely in March, and some workers are worried – ABC News

Hundreds of thousands of Australians face a pay cut of up to $100 per week from today as employee wage subsidy JobKeeper is wound back.

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Hundreds of thousands of Australians face a pay cut of up to $100 per week from today as employee wage subsidy JobKeeper is wound back.
Key points:

  • The employer subsidy payment JobKeeper drops by as much as $100 per week from January 4, meaning many workers will face a reduction in pay
  • The Government is sticking to its plan to scrap the subsidy altogether at the end of March despite the COVID outbreak in New South Wales
  • The total cost of JobKeeper is estimated to be $90 billion

The payment was established…

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