Shamubeel Eaqub: Sense Partners economist says we could see a wave of "zombie" businesses closing as wage subsidies end
Early Edition with Ryan Bridge · Newstalk ZB
May 9, 20223m 6s
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Show Notes
It has been revealed nearly fifty percent of our jobs were protected by the Government’s wage subsidies at some point last year.
This resulted in less people losing their jobs during the pandemic and less businesses going under.
But now, as wage subsidies are gone and businesses need to fend for themselves again, one economist says we could see a wave of "zombie" businesses closing.
Shamubeel Eaqub from Sense Partners joined Kate Hawkesby.
LISTEN ABOVE
This resulted in less people losing their jobs during the pandemic and less businesses going under.
But now, as wage subsidies are gone and businesses need to fend for themselves again, one economist says we could see a wave of "zombie" businesses closing.
Shamubeel Eaqub from Sense Partners joined Kate Hawkesby.
LISTEN ABOVE
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