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

Wed, 21 Sep 2022

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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