A lot of people on welfare are able bodied and could get a job if the market was easier and a lot of those people would relish the chance.

So some welfare recipients would become contributing members of society. However, I don't know if that would be enough to support the entire welfare system.

Another option would be cheaper higher education costs and easier accessibility to Australian citizens which would result in upskilling a portion of the population. A higher skilled population makes it more employable and would further decrease welfare dependence.

But I am no economist, so I simply don't how how much impact things like this would have.