A report from the Reserve Bank of Australia said job losses in the country would have doubled during the epidemic without the support of the JobKeeper wage.
Government action has helped to accelerate recovery, but with the opening of state borders, the economy will weaken until a vaccine is available.
A new study showed that 3.5 million workers were on average earnings between April and July and the Reserve Bank estimates that the payoff saved 700,000 people from joining the unemployment line.
Chris Richardson of Deloitte Access Economics said the plan had almost wiped out half of Australia’s economy.
With the opening of the NSW-Victoria border, Federal Labor leader Anthony Albanese said the government had lost the opportunity to help the poor, and boost the construction industry.
“With the exception of $ 100 billion in new funding, not a single dollar for public and private housing,” he said.
But Arts Minister Paul Fletcher has released a $ 4 billion fund to restart the creative industries.
He said the national subsidy would create 44,000 jobs.
However, any economic recovery will remain weak until there is a widely available vaccine for COVID-19.
“The coming years will continue to be difficult,” Prime Minister Scott Morrison said in his recent G20 speech.
“Recovering is not easy.