Whether it is welfare or wages, the income of youth and students seems to be under attack from the government and big business sectors. From the beginning of this year, commencing students will no longer receive the start-up scholarship of $1025, paid in two instalments over the year. New students now have the option of applying for a start-up loan of the same amount, which, similarly to the HECS debt, will be repaid to the Australian Tax Office once their income reaches a certain level.
Young job seekers today are facing the toughest job market seen in Australia for more than 20 years. According to Australian Bureau of Statistics figures, in September last year youth unemployment was 12.93%, after peaking at 14.43% in November 2014. However, there are youth unemployment hotspots in the Northern Territory, Victorian suburbs, Adelaide, Cairns and North-West Tasmania with much higher rates.