More paycuts on the way!...thats if you have a job.

Paddy Samurai

IRELAND will have to endure further wage cuts and falling prices over the next couple of years if it wants to climb out of recession and regain its competitiveness, the IMF is warning.

Although this will affect people employed ,they will probably have to lower social welfare payments in line.

http://www.independent.ie/business/personal-finance/latest-news/workers-already-hit-by-13pc-pay-fall-told-new-cuts-on-way-2259172.html

Dravokivich

The problem is with cost of living...

Connavar

As long as prices come down along with pay it should be ok

Lando Griffin

Paddy Samurai wrote: »

Although this will affect people employed ,they will probably have to lower social welfare payments in line.

http://www.independent.ie/business/personal-finance/latest-news/workers-already-hit-by-13pc-pay-fall-told-new-cuts-on-way-2259172.html

But the FF politician Darragh O Brien on The Frontline Monday was saying that technically we are out of recession.

Now I just dont know who or what to believe anymore.

mojesius

As long as they don't touch minimum wage, I'm okay. I have a feeling that they will though, if they do, what do you think it'll drop to?

dvpower

IRELAND will have to endure further wage cuts and falling prices over the next couple of years if it wants to climb out of recession and regain its competitiveness, the IMF is warning.

Sounds like a good idea as long as the falling prices >= the wage cuts.

ejmaztec

It's easy to cut pay, but it's feckin difficult to stop a lot of greedy bastards increasing prices.

hadepsx

they have to bring the price of living here down, its nigh on impossible to expect people to spend when their wages are getting cut

moonpurple

croke park agreement.. no more public sector cuts..
:pac:

eightyfish

mojesius wrote: »

As long as they don't touch minimum wage, I'm okay.

We have the highest minimum wage in Europe aside from Luxembourg, but the economy is one of the most troubled in Europe. The minimum wage should come down.

Brendog

Lando Griffin wrote: »

But the FF politician Darragh O Brien on The Frontline Monday was saying that technically we are out of recession.

Now I just dont know who or what to believe anymore.

technically....because the GDP went up by 0.001%

WWWWOOOOOOOOOOOOOOOOOO!!! Now I can invest heavily in Anglo Irish again now that Darragh O'Brien says we are out of recession.

gob****es...

AnonoBoy

Damn it and I was going to buy myself another Ivory backscratcher. :mad:

NothingMan

I'm down about €80 per month since the levies were introduced. May not seem like a lot but it can mean the difference between getting those extra rounds of jaeger bombs in on a Saturday night. If it dropped lower I may not even be able to go supersize after the club.

Brendog

NothingMan wrote: »

I'm down about €80 per month since the levies were introduced. May not seem like a lot but it can mean the difference between getting those extra rounds of jaeger bombs in on a Saturday night. If it dropped lower I may not even be able to go supersize after the club.

oh you poor man you really are living hand to mouth.....

Must be tough not knowing where your next drink is coming from...

punchdrunk

im down €583 per month pre tax

mathie

Lando Griffin wrote: »

But the FF politician Darragh O Brien on The Frontline Monday was saying that technically we are out of recession.

Now I just dont know who or what to believe anymore.

Fianna Fail ... there's your clue right there.

RoadKillTs

It's a tough situation to be in. Ireland has become an expensive place to do business and as a result we are losing a lot of foreign investment.

The cost of living has come down and this should be taking into consideration when discussing pay cuts and lowering minimum wage etc.

I don't mind taking more cuts or paying more tax if it actually helps the economy.

Its not about the problems we have but how the problems are handled is the important thing.

Unfortunately our government know SFA about business and economics and that is a serous concern of mine.

Gillington

dvpower wrote: »

Sounds like a good idea as long as the falling prices >= the wage cuts.

Yeah it could work,but i think I'd rather see some indications of falling prices before or at the exact sime time.Living in a "I'll believe it when I see it country" and all

Dravokivich

eightyfish wrote: »

We have the highest minimum wage in Europe aside from Luxembourg, but the economy is one of the most troubled in Europe. The minimum wage should come down.

It's cheaper to live in other countries in Europe, therefore the required minimum wage there is lower...

Lando Griffin

Lando Griffin wrote: »

But the FF politician Darragh O Brien on The Frontline Monday was saying that technically we are out of recession.

Now I just dont know who or what to believe anymore.

Do you know what a recession is? It's just a decline and it is technically over.
We're in a place called 'fuked'. It's the period after a big recession.

Couldn't stomach more cuts,. I just want to get out of here.

Popples

moonpurple wrote: »

croke park agreement.. no more public sector cuts..
:pac:

Until 2014. And subject to the economic situation not getting any worse. I don't feel the agreement is guaranteed to be honoured past the agreed term! Call me pessimistic or whatever.... Public Servants are not untouchable now, just becuase of some silly agreement!

I don't personally believe in waiting around for the Government to make it all better and give us back what they've had to take. I've had to cut my cloth etc, and I'm finally learning how NOT to spend impulsively, just because I have it. I think it's a positive thing in some ways. Anyone else feel the same?

dvpower

Gillington wrote: »

Yeah it could work,but i think I'd rather see some indications of falling prices before or at the exact sime time.Living in a "I'll believe it when I see it country" and all

Here ya go:

http://www.cso.ie/releasespublications/documents/prices/current/cpi.pdf

dvpower

Dravokivich wrote: »

It's cheaper to live in other countries in Europe, therefore the required minimum wage there is lower...

Lowering the minimum wage would put downward pressure on prices.

Connavar

Popples wrote: »

I don't personally believe in waiting around for the Government to make it all better and give us back what they've had to take. I've had to cut my cloth etc, and I'm finally learning how NOT to spend impulsively, just because I have it. I think it's a positive thing in some ways. Anyone else feel the same?

The problem with this is that if everyone buys less the country gets less money and it is harder to bring more companies into Ireland > bringing less jobs > tighter spending. Its a vicious circle

ScumLord

Lando Griffin wrote: »

But the FF politician Darragh O Brien on The Frontline Monday was saying that technically we are out of recession.

Now I just dont know who or what to believe anymore.

Not them ***** anyway they haven't a ****ing clue what they're doing.

eightyfish

Dravokivich wrote: »

It's cheaper to live in other countries in Europe, therefore the required minimum wage there is lower...

Prices are 130% of the EU average. The minimum wage is 225% of the EU average.

caseyann

As far as i can see they put prices down not equivalent to people wages on the minimum ever.

Irish should start considering buying houses and apartments in countries where they are cheaper now.http://www.myhome.ie/overseas/poland/property-for-sale?cmpid=ppc_poland&gclid=CO_i9bPF7aICFSMulAodGFJndg

No, I'll be taking a payrise thanks

LpPepper

eightyfish wrote: »

Prices are 130% of the EU average. The minimum wage is 225% of the EU average.

Yeah but your forgetting that their is also more important things to do with "minimum wage" . Like paying bills and extremly expensive mortgages

Popples

True Connavar, I hadn't thought of that side of things, but to be honest. I can't justify spending the way I used to in shops that charge well above the acceptable prices.....and the fact is, they've gotten away with it for so long because people had the money and didn't care!

I stopped off at a Petrol Station on the N7 there recently and bought two Capri Sun drinks, for my son, nothing special about these Capri Suns.....or so I thought, I bought them, thought the total was a little high, got into my car and looked at the receipt...€1.50 each!! I marched back in and asked for a refund, told them that I could buy 10 of the same size for €3 in any Tesco or Dunnes, the manager just shook his head, told me he can charge what he likes because he provides convenience for his customers!

I've not gone back there since! It's that mentality that I'm talking about. I just don't get it.

Sorry, went on a bit of a mini rant there.

LpPepper

Popples wrote: »

True Connavar, I hadn't thought of that side of things, but to be honest. I can't justify spending the way I used to in shops that charge well above the acceptable prices.....and the fact is, they've gotten away with it for so long because people had the money and didn't care!

I stopped off at a Petrol Station on the N7 there recently and bought two Capri Sun drinks, for my son, nothing special about these Capri Suns.....or so I thought, I bought them, thought the total was a little high, got into my car and looked at the receipt...€1.50 each!! I marched back in and asked for a refund, told them that I could buy 10 of the same size for €3 in any Tesco or Dunnes, the manager just shook his head, told me he can charge what he likes because he provides convenience for his customers!

I've not gone back there since! It's that mentality that I'm talking about. I just don't get it.

Sorry, went on a bit of a mini rant there.

Dont worry about the rant , its allowed in these situations :rolleyes:

But yeah your right about expensive Capri Suns and buying in places like petrol stations and the like . Like you can buy 24 bottles of miller in SuperValu for €20 . To buy ONE in a bar its something like €4 or €4.50
Your basically payng for sitting down on a one sided stool bar in a place full of drunks :rolleyes:

This is country is a waste at the moment

caseyann

Popples wrote: »

True Connavar, I hadn't thought of that side of things, but to be honest. I can't justify spending the way I used to in shops that charge well above the acceptable prices.....and the fact is, they've gotten away with it for so long because people had the money and didn't care!

I stopped off at a Petrol Station on the N7 there recently and bought two Capri Sun drinks, for my son, nothing special about these Capri Suns.....or so I thought, I bought them, thought the total was a little high, got into my car and looked at the receipt...€1.50 each!! I marched back in and asked for a refund, told them that I could buy 10 of the same size for €3 in any Tesco or Dunnes, the manager just shook his head, told me he can charge what he likes because he provides convenience for his customers!

I've not gone back there since! It's that mentality that I'm talking about. I just don't get it.

Sorry, went on a bit of a mini rant there.

My cousin did that with something in a shop,few feet down the road it was cheaper.So she went back to the shop she bought in got a refund and told them nearly half the price in shop few feet away.

Connavar

Popples wrote: »

True Connavar, I hadn't thought of that side of things, but to be honest. I can't justify spending the way I used to in shops that charge well above the acceptable prices.....and the fact is, they've gotten away with it for so long because people had the money and didn't care!

I stopped off at a Petrol Station on the N7 there recently and bought two Capri Sun drinks, for my son, nothing special about these Capri Suns.....or so I thought, I bought them, thought the total was a little high, got into my car and looked at the receipt...€1.50 each!! I marched back in and asked for a refund, told them that I could buy 10 of the same size for €3 in any Tesco or Dunnes, the manager just shook his head, told me he can charge what he likes because he provides convenience for his customers!

I've not gone back there since! It's that mentality that I'm talking about. I just don't get it.

Sorry, went on a bit of a mini rant there.

You have a point there alright. Some of the shops in Ireland are going way over the top on the prices they charge.

Connavar

LpPepper wrote: »

Dont worry about the rant , its allowed in these situations :rolleyes:

But yeah your right about expensive Capri Suns and buying in places like petrol stations and the like . Like you can buy 24 bottles of miller in SuperValu for €20 . To buy ONE in a bar its something like €4 or €4.50
Your basically payng for sitting down on a one sided stool bar in a place full of drunks :rolleyes:

This is country is a waste at the moment

While I agree that the prices in pubs are too high, you have to accept that they will be higher than those in shops as they are providing the venue (dodgy as it may be) and have to make some profit.

Another good example was when bulmers advertised the price drop of their pint bottles and the prices stayed the same in pubs

inforfun

LpPepper wrote: »

Yeah but your forgetting that their is also more important things to do with "minimum wage" . Like paying bills and extremly expensive mortgages

Do i understand this right: a mortgage on minimum wage?

eightyfish

LpPepper wrote: »

Yeah but your forgetting that their is also more important things to do with "minimum wage" . Like paying bills and extremly expensive mortgages

Bills and mortgages are not sufficiently higher than the EU average to account for a min wage that is 225% of it. And mortgages would not generally apply to those on min wage.

EDIT: As just pointed out above

ScumLord

Popples wrote: »

True Connavar, I hadn't thought of that side of things, but to be honest. I can't justify spending the way I used to in shops that charge well above the acceptable prices.....and the fact is, they've gotten away with it for so long because people had the money and didn't care!

I stopped off at a Petrol Station on the N7 there recently and bought two Capri Sun drinks, for my son, nothing special about these Capri Suns.....or so I thought, I bought them, thought the total was a little high, got into my car and looked at the receipt...€1.50 each!! I marched back in and asked for a refund, told them that I could buy 10 of the same size for €3 in any Tesco or Dunnes, the manager just shook his head, told me he can charge what he likes because he provides convenience for his customers!

I've not gone back there since! It's that mentality that I'm talking about. I just don't get it.

Sorry, went on a bit of a mini rant there.

That attitude is everywhere in Ireland they don't want to compete with each other they just want to charge as much as the next guy and are only too happy when he raises his price.

mayfire

RoadKillTs wrote: »

The cost of living has come down .........................

Really?
Outside of cheaper food in Aldi and Lidl, where has it come down?
ESB up, petrol way up, phone charges going up, Tesco prices have not come down despite their promise of permanent reductions, insurance up.

Help me here; what am I missing??
(PS; 2 kids to feed so their expenses are NOT coming down)

Twin-go

Ok, wage cuts now because the cost of living is coming down. What happens when the ECB start upping their interest rates? (Irish government has no control over this). Also, sooner rather than later we are going to have property tax and water charges. It's the same people that get screwed every time.

Viper_JB

mayfire wrote: »

Really?
Outside of cheaper food in Aldi and Lidl, where has it come down?
ESB up, petrol way up, phone charges going up, Tesco prices have not come down despite their promise of permanent reductions, insurance up.

Completely agree, while the cost of food and drink may have gone down very very slightly, the cost of services especially public services have constintly been on the increase, and not only that - they've found new ways to screw you out of money.

mackeminexile

eightyfish wrote: »

We have the highest minimum wage in Europe aside from Luxembourg, but the economy is one of the most troubled in Europe. The minimum wage should come down.

while that may make sense in terms of attracting investment from foreign companies and increasing the amount of jobs, the cost of living in Dublin especially is prohibitive to a good standard of life unless you can command a wage over 30k. I feel real pity for those who have to survive on min wage and still try to have a life of some sort.

eightyfish

mackeminexile wrote: »

I feel real pity for those who have to survive on min wage and still try to have a life of some sort.

So do I! I wouldn't wish it on anybody. It's still too high, though.

Drummerboy2

First my partner lost her job. Then the levys. Then 4 day week. On the breadline now. Sick of being drip fed bad news by these parasites. Let Anglo Irish go, who would it affect. Why are we paying the gambling debts of the wealthy speculators.

Thomas828

You're tempted to say, "To blazes with that! I'm better off on the dole!" These pay cuts don't affect the unemployed too much. If they cut benefits, though, that would be a different story.

dvpower

mayfire wrote: »

Really?
Outside of cheaper food in Aldi and Lidl, where has it come down?
ESB up, petrol way up, phone charges going up, Tesco prices have not come down despite their promise of permanent reductions, insurance up.

Help me here; what am I missing??
(PS; 2 kids to feed so their expenses are NOT coming down)

http://www.cso.ie/releasespublications/documents/prices/current/cpi.pdf

cso wrote:

Consumer Prices in June, as measured by the CPI, decreased by 0.1% in the month. This compares to a decrease of 0.3% recorded in June of last year. As a result, prices on average, as measured by the CPI, were 0.9% lower in June compared with June 2009

cso wrote:

...

The most notable changes in the year were decreases in Clothing & Footwear (-11.2%), Food & Non-Alcoholic Beverages (-5.4%) and Furnishings, Household Equipment & Routine Household Maintenance (-4.6%). There were increases in Education (+9.1%), Housing, Water, Electricity, Gas &Other Fuels (+5.2%) and Transport (+2.9%).

smash

Food & Non-Alcoholic Beverages (-5.4%) vs Wages (-15% aprox)

Not a good deal if you ask me... And remember a part of the price decreases is down to VAT being reduced by 0.5% after the last budget.

RoadKillTs

Outside of cheaper food in Aldi and Lidl, where has it come down?

Well for me it has. My rent has fallen by 350 a month in the last 16 months. I shop mainly in Dunnes / Tescos and my grocery bill is down at least 10%.

My car insurance is down 150 this year. Don't go out that much but any time we eat out we are paying a lot less. Restaurant prices have fallen a fair bit.

Prices in clothes shops aswell have fallen again about 10%.

We are going through a period of deflation in Ireland so naturally prices are fallen.

Link

dvpower

steve06 wrote: »

Food & Non-Alcoholic Beverages (-5.4%) vs Wages (-15% aprox)

Wages down 15%? Really?

http://www.cso.ie/quicktables/GetQuickTables.aspx?FileName=EHQ03.asp&TableName=Earnings+and+Labour+Costs&StatisticalProduct=DB_EH

Greyfox

LpPepper wrote: »

Like you can buy 24 bottles of miller in SuperValu for €20 . To buy ONE in a bar its something like €4 or €4.50
Your basically payng for sitting down on a one sided stool bar in a place full of drunks :rolleyes:

This is country is a waste at the moment

Yep and it's still €6 in some nighclubs for a bottle of beer, so that's paying 6 times more just so you can sit/stand in a venue with it

eightyfish wrote: »

So do I! I wouldn't wish it on anybody. It's still too high, though.

You have to reduce the cost of living befor you can reduce the minimum wage otherwise your putting people in a position where they'd be better off on the dole then out working

eightyfish

Greyfox wrote: »

You have to reduce the cost of living befor you can reduce the minimum wage

But the cost of living has gone down. The minimum wage has not.

dvpower

Greyfox wrote: »

You have to reduce the cost of living befor you can reduce the minimum wage otherwise your putting people in a position where they'd be better off on the dole then out working

Reducing the minimum wage would have the effect of reducing the cost of living. Many of the basic goods and services we consume are delivered by people on or near the minimum wage. Reducing the costs associated with delivering these goods and services will drive prices further down.

Anyway, since we already have deflation, we should reduce the mimimum wage by the amount of deflation.