Inflation risk seen in income insurance scheme

Inflation risk seen in income insurance scheme
The case for health and disability insurance is stronger than for insuring job losses, submissions say (Image: Depositphoto)
Pattrick Smellie
Trade unions love it, poverty activists want welfare system reform first, employers think it’s not needed and a lot of people think it’s being rammed through too fast.Those are among the themes dominating 251 submissions received on the government’s proposed income insurance scheme, along with a fear that “timing could not be worse for such a scheme” because the levies imposed on both employers and employees would fuel inflation.“The scheme could have an immediate supply-side inflationary effect at a time whe...

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