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.
- 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…