The solution to our current crisis

professore

Our current crisis can be largely solved by one thing: job creation. From this: http://www.politicalworld.org/showthread.php?t=5129

each unemployed person costs the state 20K in benefits and taxes foregone,not counting the extra spending they would do if employed.

so ... even taking 100K people off the dole and into paid employment would generate 2 billion for the exchequer.

There are currently 439,589 people unemployed according to the CSO in January 2012. So how do we create sustainable jobs?

Farmer Pudsey

Is the question how do we create more jobs or how do we reduce the number of people unemployed

antoobrien

professore wrote: »

So how do we create sustainable jobs?

1) Exports to the BRIC countries. Easier said than done, but agriculture is a good starting point. Labour & quality intensive and Russia is already our biggest foreign market for beef.

2) We've lots of unemployed construction workers, form companies to outsource their skills. People are already leaving to go work in the middle east etc and I'm sure a lot of young lads wouldn't mind a six month working holiday in Brazil.

3) Concentration on high value, high quality manufacturing. There's a reason medical devices & pharma are so popular here and haven't moved in great numbers.

4) introduce feels for college courses with dubious job prospects. There are only so many journalists, politicians & archaeologists that can be employed here at any one time, so make sure anybody doing courses like there are genuinely interested in doing so.

5) Change the way college course are chosen. It's a bit much to expect a 15/16/17/18 year old to know what they want to do or are good at, with fresher drop out rates being multiples of what drops out subsequently. Then there are the people that carry on to get a qualification despite not linking the course and change track later. Not sure how this can be fixed, perhaps a two year general diploma, followed by a 3 year focused degree in in the desired area.

6) Create indigenous exporters. It's often reported that GNP is a better measure for Ireland that GDP as so many multinationals "export" from Ireland.

OssianSmyth

professore wrote: »

There are currently 439,589 people unemployed according to the CSO in January 2012.

It's not quite that bad. The live register figures do not measure unemployment. The CSO last measured unemployment at 302,000 in Q4 2011

So how do we create sustainable jobs?

By investing in education and making it cheaper and easier to hire people. By short term stimulus spending on public capital investment.

Government policy is to cut capital investment and reduce employment in public services instead of cutting current costs. This makes no sense. The quality of service delivered is falling, unemployment is rising. Why would anyone do something so perverse?

Farmer Pudsey

OssianSmyth wrote: »

By investing in education and making it cheaper and easier to hire people. By short term stimulus spending on public capital investment.
QUOTE]
This is the big question in investing in education there is enough money in education at present until it is rationlised there is no point in putting any more money in it
Avg 3rd level student 17 hour/week in college? @ 30 weeks
Avg 2nd level student 30 hours/week in school @ 34 weeks
avg Primary student 25 hours/week in school @38 weeks
if we look at teachers/leactureres hours reduce by 1/3 except in primary
so no mrore money for Education

Making it cheaper and easier for to hire people the main competion for an employer is the social welfare system so it is not just costs the government add on as well.
Short term stimlus of public capital spending is no good as it is impossible for small firms to bid for Gov contracts as it is all schewed in favou of companies that allready have contracts.

jackiebaron

antoobrien wrote: »

1) Exports to the BRIC countries. Easier said than done, but agriculture is a good starting point. Labour & quality intensive and Russia is already our biggest foreign market for beef.

2) We've lots of unemployed construction workers, form companies to outsource their skills. People are already leaving to go work in the middle east etc and I'm sure a lot of young lads wouldn't mind a six month working holiday in Brazil.

3) Concentration on high value, high quality manufacturing. There's a reason medical devices & pharma are so popular here and haven't moved in great numbers.

4) introduce feels for college courses with dubious job prospects. There are only so many journalists, politicians & archaeologists that can be employed here at any one time, so make sure anybody doing courses like there are genuinely interested in doing so.

5) Change the way college course are chosen. It's a bit much to expect a 15/16/17/18 year old to know what they want to do or are good at, with fresher drop out rates being multiples of what drops out subsequently. Then there are the people that carry on to get a qualification despite not linking the course and change track later. Not sure how this can be fixed, perhaps a two year general diploma, followed by a 3 year focused degree in in the desired area.

6) Create indigenous exporters. It's often reported that GNP is a better measure for Ireland that GDP as so many multinationals "export" from Ireland.

Abolish Irish and Religious studies in school and use the extra time to study more Science.

Also their should be plenty of jobs in rebuilding a modern countrywide high tech rail network that some wanker trashed years ago. The centre of every town and large village should be accessible by train just like in Holland. Construction also of bicycle paths. Level the ghost estates and plant high quality timber.

Icepick

cut welfare across the board

skafish

Icepick wrote: »

cut welfare across the board

Maybe not quite across all levels, but certainly, targeted reductions need to be mplimented immediatley

the culture of deference

Icepick wrote: »

cut welfare across the board

Cut the massive pensions, cut the government waste.

Icepick

the culture of deference wrote: »

Cut the massive pensions, cut the government waste.

state pensions = welfare

pacquiao

professore wrote: »

Our current crisis can be largely solved by one thing: job creation. From this: http://www.politicalworld.org/showthread.php?t=5129

each unemployed person costs the state 20K in benefits and taxes foregone,not counting the extra spending they would do if employed.

so ... even taking 100K people off the dole and into paid employment would generate 2 billion for the exchequer.

There are currently 439,589 people unemployed according to the CSO in January 2012. So how do we create sustainable jobs?

Your thread makes no sense.
You cannot create jobs in this current climate.It's a case of leverage. It's impossible. We have massive leverage which now needs to be unwound.

According to the McKinsey report, there have been four archetypes of deleveraging processes:[2]

1. “Belt-tightening”: this is the most common path of deleveraging for an economy. In order to increase net savings, an economy reduces spending and goes through a prolonged period of austerity.
2. “High inflation”: high inflation mechanically increases nominal GDP growth, thus reducing the debt to GDP ratio. E.g. Chile in 1984-91.
3. “Massive default”: this usually comes after a nasty currency crisis. Stock of debt immediately decreases after massive private and public sector defaults.
4. “Growing out of debt”: if an economy experiences rapid (off-trend) real GDP growth, then its debt to GDP ratio will decrease naturally. E.g. US in 1938-43

antoobrien

jackiebaron wrote: »

Abolish Irish and Religious studies in school and use the extra time to study more Science.

Níl aon fadbh agam leis on oideachas gaeilge sa scoil, mar i mo thuirim bhí sé nios éasca domsa fraincis a foghlam mar bhí an beirt teanga agam.

eire4

jackiebaron wrote: »

Abolish Irish and Religious studies in school and use the extra time to study more Science.

Also their should be plenty of jobs in rebuilding a modern countrywide high tech rail network that some wanker trashed years ago. The centre of every town and large village should be accessible by train just like in Holland. Construction also of bicycle paths. Level the ghost estates and plant high quality timber.

I would be totally against abolishing Irish studies in school.

BluntGuy

jackiebaron wrote: »

Abolish Irish and Religious studies in school and use the extra time to study more Science.

Would love to see it happen, but politically it just ain't gonna fly.

Also their should be plenty of jobs in rebuilding a modern countrywide high tech rail network that some wanker trashed years ago. The centre of every town and large village should be accessible by train just like in Holland.

Don't have the population densities to support this idea. Just look at the failure of the Western Rail Corridor and the huge subvention per passenger journey. The commuter rail network in Dublin is what needs to be developed, but those plans have been scrapped.

Construction also of bicycle paths.

There is a national bike strategy.

Level the ghost estates and plant high quality timber.

That we as taxpayers now own many of?

Idbatterim

Tackle all government related costs and expenses, thereby greatly increasing competitiveness, in turn driving down costs for private sector businesses and a government lead stimulus programmes could be introduced. The answers are simple! the political will to do anything that might upset any vested interests etc is the problem!!!

Max Powers

Legalise and tax cannabis.

TOOYOUNGTODIE

I think we are all missing a big point, the best way to get business started and job creation is ease of access.

I come across businesses and start-ups trying to get up and running on a daily basis and the red tape is crazy. Get rid of all the red tape.

One client of mine has a sustainable manufacturing business that needs 35+ employees and he has been held up by the goons in the EPA for the last 8 months. His production plant has already met the EC certification but the red tape he has to get over is outrageous. He is only one example.

If we made it easy for business to operate here many more would, we have educated staff, good legals (maybe don’t ask Shell that question), and are on Europe’s doorstep.

BOHtox

Cut regulation making it easier for businesses to set up. There's far too much red tape in Ireland and this needs to be dealt with. That's the first thing. Then we need confidence. Two types of confidence. Firstly consumer confidence, secondly, investor confidence.
There's a lot of statistics going around "If people spend an extra €10 a week on Irish good, 10,000 Irish jobs would be created. But in reality, if people who are saving a lot of money spent it now, the VAT returns would increase leading to a more balanced budget and this in turn would instil confidence in the consumers.
The investors get confidence through a solid government. We need to balance the books. While austerity does not create growth, in the longer term it is definitely needed if we are to be a country with low debt, low taxes and a great place for investors to do business.

Hotblack Desiato

Ireland is actually one of the easier countries in EU to start a business.

http://ec.europa.eu/enterprise/policies/sme/business-environment/files/startups2011_en.pdf

EU-27 average cost of establishing a company is €397 and takes 6.5 days
For Ireland that's €50 and 2 to 5 days.

We need to develop an attitude of "try it", instead of the shocking risk that we go through when starting up self-employed business'. I'm about to become self employed, but I'm terrified in case it doesn't work out.

There's very little protection for self employed people if their business fails. This attitude needs to change, we need to help people who want to start up their own business more.

Amirani

antoobrien wrote: »

1) Exports to the BRIC countries. Easier said than done, but agriculture is a good starting point. Labour & quality intensive and Russia is already our biggest foreign market for beef.

2) We've lots of unemployed construction workers, form companies to outsource their skills. People are already leaving to go work in the middle east etc and I'm sure a lot of young lads wouldn't mind a six month working holiday in Brazil.

3) Concentration on high value, high quality manufacturing. There's a reason medical devices & pharma are so popular here and haven't moved in great numbers.

4) introduce feels for college courses with dubious job prospects. There are only so many journalists, politicians & archaeologists that can be employed here at any one time, so make sure anybody doing courses like there are genuinely interested in doing so.

5) Change the way college course are chosen. It's a bit much to expect a 15/16/17/18 year old to know what they want to do or are good at, with fresher drop out rates being multiples of what drops out subsequently. Then there are the people that carry on to get a qualification despite not linking the course and change track later. Not sure how this can be fixed, perhaps a two year general diploma, followed by a 3 year focused degree in in the desired area.

6) Create indigenous exporters. It's often reported that GNP is a better measure for Ireland that GDP as so many multinationals "export" from Ireland.

I'm quite supportive of most of these ideas. Some points I'll make on them.

1. Agriculture seems to have lessened significantly in status since the Celtic Tiger and it's certainly a shame. Agriculture should unquestionably be one of the cornerstones of our economy considering our history and the quality of our land. If heard it said that if Ireland farmed as efficiently and intensively as the Netherlands that we'd be the biggest per-capita food exporter in the world.

2 and 6. Limitations here are Ireland's lack of an entrepreneurial culture. We should aim to be the easiest country in the world to set up a business in. While the IDA have done great work in attracting FDI, Enterprise Ireland should be the main grant-giver to business in our economy. Companies who contribute largely to our Balance of Trade surplus should be given funds for expansion. Startups should also be encouraged through grants that will ultimately narrow the difference in our GDP and GNP.

3. We really need to be a niche manufacturer and I think we're increasingly becoming so. We should retain focus almost exclusively on the Pharmaceutical and IT manufacturing industries. There's no reason to be trying to compete with countries with huge economies of scale in general manufacturing. There's also a role I guess for the manufacture of Irish-specific goods that have a market abroad.

4 and 5. Third level doesn't work as well in Ireland as it should. Firstly, we probably have an excessive amount of Universities without the proposals to add to this number. Universities are expensive and we should focus more on quality than quantity in this sector. In line with your thinking on point 4, I'd change the way colleges are funded. At present, funding is given on a per-student basis, regardless of the course of study. If you limit funding to dead-end courses, third-level institutions will get the message and reallocate places to courses that have benefit to the economy. The leaving cert needs a revamp to more closely align with the University degrees. We have a situation now were huge swathes of people study things such as history and geography at Leaving Cert level despite there being very few college courses in these areas. Education is key to our economic recovery and I feel it's being drastically under-utilised at present.