After managing the first stage of the COVID-19 crisis so effectively, the government now faces a bigger challenge: getting us back to work.
The official employment figures indicate the scale of what’s needed. In the past two months number of Australians with a job has fallen by 835,000. Millions more are in jobs kept on life support by JobKeeper.
Employed Australians, total
Includes Australians regarded as still employed because they are on JobKeeper.
The Reserve Bank’s latest public forecast has the unemployment rate peaking at 10% and then falling to 6.5% (baseline scenario) or 5% (optimistic scenario) by mid-2022.
In Grattan Institute…
We knew it would be bad. But we’d hoped it wouldn’t be quite this bad.
Over the past few weeks, we at Grattan Institute have been working on ways to estimate the impact of the COVID-19 shutdown on jobs in Australia.
It’s a complex task, with few obvious precedents.
The results, detailed in our new working paper, Shutdown: estimating the COVID-19 employment shock, are worrying.
Our estimate is that between a sixth and a quarter of Australia’s workforce is likely to be out of work because of the COVID-19 shutdown and social distancing.
Happy holiday! Diego Cervo/ShutterstockMost people are familiar with presenteeism, where employees spend many more hours at the workplace than necessary – out of a sense of duty or to impress the boss or whatever. Presenteeism damages productivity, ultimately weakening the economy, and many companies now prioritise stamping it out.
A few years ago, our research into this sort of behaviour led us to ...
The legalization of cannabis in Canada has sparked discussion about workplace and driver impairment, but what about other forms of on-the-job impairment?
As we debate the impact of marijuana in the workplace, it’s a perfect time to examine a wide range of current policies and practices that promote worker fatigue and distraction, while also finding ways to design safer workplaces that minimize or eliminate human error.