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[article] Prices and Earnings' report 2009 published

  • 19-08-2009 10:06am
    #1
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭


    from RTE.

    Irish workers are among the highest paid in the world, according to a new report today.

    The 'Prices and Earnings' report, published every three years by Swiss bank UBS, shows that net wages in the cities of the US, Switzerland and Ireland are the highest of 73 cities studied.

    Dublin is among the cites with the highest purchasing power, along with Zurich, Sydney, Luxembourg and Miami.

    The report says that despite the collapse of Dublin's housing market, the city is the tenth most expensive city in the world, down from eight in 2006.

    The average Dubliner takes home the fourth highest pay globally, earning €14.30 an hour after taxes and social security. This is 4.6 times higher than the average pay in Warsaw.

    Dubliners enjoy the fourth highest purchasing power relative to net income and workers in Dublin need to work for 15 minutes to pay for a Big Mac, nine minutes for a kilo of bread, and 10 hours for an iPod nano.

    Plenty of room for improvement then ;)


Comments

  • #2
    Riskymove
    Registered Users, Registered Users 2 Posts: 10,900 ✭✭✭✭Riskymove


    lies, damn lies and statistics:pac:


    Its a review of a city first of all, so all applies to Dublin as oppossed to ireland

    Dublin is actually 10th on the Gross Wage list with 7 other eueropean cities ahead, I presume taxation is the difference for net wages

    the connection to the likes of Poland is the key concern to our copmpetitiveness alright


  • #3
    ixoy
    Moderators, Entertainment Moderators Posts: 18,004 Mod ✭✭✭✭ixoy


    Interesting reading, although I find it hard to believe that clothes are significantly cheaper in Dublin than New York for example..

    The article also doesn't take into account stealth taxes (e.g. VRT) and I'm not sure how up-to-date it is with the most recent budget and nor does it include mortgages (it focuses on rents). Still interesting reading for anyone looking at investing in Ireland and the queries it would raise about how - broadly speaking - our taxation system seems unsustainable (when we take into account government spending which is not what the report is for).


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