Education, Training, and Employment Programs (HSC SSCE Economics): Flashcards
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3 primary objectives of labour market programs
3 primary objectives of labour market programs
Increase participation, improve productivity, prepare for changes
When was Jobs & Skills Australia established?
When was Jobs & Skills Australia established?
2022
% of new jobs requiring post-secondary qualifications
% of new jobs requiring post-secondary qualifications
92%
National Skills Agreement (2022) TAFE places funded
National Skills Agreement (2022) TAFE places funded
300,000 additional fee-free places
Micro-credential courses (2023) key areas
Micro-credential courses (2023) key areas
Teaching, Nursing, Engineering, Cyber security
Centrelink's role
Centrelink's role
National agency overseeing income support & labour programmes
New Employment Services Model budget value
New Employment Services Model budget value
1.3 billion dollar network
JobMaker Hiring Credit weekly payment (ages 16-29)
JobMaker Hiring Credit weekly payment (ages 16-29)
200 dollars per week
Paid parental leave target weeks by 2026
Paid parental leave target weeks by 2026
26 weeks
High EMTRs create what economic problem?
High EMTRs create what economic problem?
Poverty trap - discourages work as tax + benefit loss reduces income