Tuesday, March 10, 2009

ZERO to 12,700 jobs in $12.7 billion package

According to the Australian Made Campaign every dollar spent on Australian made or grown goods benefits the Australian economy, with every one million dollars invested in the Australian manufacturing sector, twelve new full time jobs are created.

Based on this assumption, the "best" case scenario for the Australian Federal Government's package of $12.7 billion in one-off bonus payments of $950 each for low- and middle-income households and individuals would be for 12,700 jobs to be created.

The "worst" case scenario is that "ZERO" jobs are created if all of this money is spent on non-Australian made or grown goods.

Should the Australian Government be promoting an education campaign to the Australian people who will receive this money to ensure that it is spent to maximise the long term benefit of the Australian economy by investing in Australian made or grown products?

Or do we believe the Australian low- and middle-income households and individuals understand the importance of their investment decision with these funds?