Yahoo Finance The huge error in ScoMo’s 1.25 million jobs promise
Prime Minister Scott Morrison’s pledge to create 1.25 million jobs within five years was made without any Treasury analysis, a freedom of information request by the Labor party has revealed.
Treasury told the Labor party it holds no documents and modelling relating to Morrison’s vow to create 1.25 million jobs, with shadow treasurer Chris Bowen describing the Coalition as “lazy and reckless” in response.
“The Liberal Party is quick to get Treasury to model and cost Labor’s policies but they couldn’t be bothered getting their own policies modelled,” he told AAP in a statement.
Is 1.25 million jobs a significant figure?
According to shadow treasurer Chris Bowen, that number of jobs isn’t spectacular – it’s in line with the current job-growth trend.
And, he argued 45 per cent of jobs created under the Coalition government have been in publicly funded industries.
1.2 million jobs have been created over the last five and a half years of the coalition government, Trade Minister Simon Birmingham.
But, argued Bowen: “Since 2013, almost half of all the jobs created have been in public funded and supported employment industries like health, education and public administration, much higher than the government share of GDP.”
He said this means the government hasn’t induced the private sector to create more jobs – the jobs are being created, and paid for, by the government and taxpayer.
The Labor attack comes after a horror weekend for the Prime Minister, with the departure of moderate Liberal politician, minister for defence Christopher Pyne.
His exit comes after similar announcements by Kelly O’Dwyer, Julie Bishop, Michael Keenan and Nigel Scullion.
– With AAP.
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