Last month we reported how the Morrison Government’s JobKeeper subsidy has been an absolute boon for Australian business owners, juicing company dividends and profits.
This was reflected in the latest national accounts for the June quarter, which showed that employee wages & salaries fell by 3.3% over the quarter while company profits soared by 13.7%:
The rorting of JobKeeper got so bad that even the Business Council of Australia’s Jennifer Westacott took aim aim at the lavish executive bonuses being paid:
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