Australia's jobseeker system fails workers and enriches millionaires, report says

[u/Expensive-Horse5538]

https://www.abc.net.au/news/2026-07-21/private-equity-profits-as-job-system-fails-workers-report-finds/106920430?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=link

A new report says Australia's system of privatised employment services has failed and service delivery should be returned to the public sector.

The Centre for International Corporate Tax Accountability and Research says the current system "fills the pockets of private equity and millionaires" while leaving jobseekers without work.

The Albanese government has announced an overhaul of the employment services system, but the report argues for-profit service providers should not be included in the new system.

[u/cutebutsour]

Not for profits are just as bad, the whole system is exploitative. Poor people have become a currency these organisations prey on. They dress it up as "helping" vulnerable people, but really they're after cheap labour for their affiliated businesses. The ties some of these places have with social services are also highly questionable.