they're coming for our salaries/wages next folks!

Ghandee

Yep, most of us thought it would happen.

They, have our pay in their sights now.

Property taxes, water charges, cuts to numerous services, rising energy costs, and if they get to chop from our take home pay, we'll obviously have less cash to pay for rising costs.

No mention in these reports for daily expenditures to fall i notice.

Belt tightening time again.

http://www.irishexaminer.com/business/wage-levels-too-high-says-central-bank-210058.html

Wage levels are still too high in Ireland across the public and private sectors relative to competitor countries, according to the Central Bank’s latest quarterly review of the Irish economy. "Ireland has done a lot over the past few years to improve competitiveness but there is still a case for lowering the cost base in the public and private sectors," said the Central Bank’s new chief economist, Lars Frisell.

However, Mr Frisell stopped short of calling for public sector wage cuts. He said that is ultimately a decision for the Government.

"Public sector pay is a significant focus of attention. It is important that we deliver cost reductions in the public sector and that we maximise efficiencies," said Central Bank economist John Flynn, who was also speaking at the quarterly review.

Mr Frisell said there was a "fair concern that additional measures would have to be taken" to meet the EU/IMF bailout targets because of significant downside risks to the eurozone economy.

Hopefully, lower salaries will eventually mean lower cost of living, .

Good or bad news, what do you folk think?

MagicSean

I prefer a small rise in income tax to all these new taxes and charges. Much fairer and reversable in my view.

Ghandee

MagicSean wrote: »

I prefer a small rise in income tax to all these new taxes and charges. Much fairer and reversable in my view.

I agree Sean.

Seems the 'no raise in income tax' is the only promise this govt are sticking to. (so far)
You can reduce a persons take home pay in numerous ways bar income tax though, so that 'promise' don't mean shît to be honest. :rolleyes:

Firegaurd

Right theres nothing like a harsh hangover on a sunday morning to face into harsh reality.

OK So some dude in the central bank thinks public sector wages should be reduced. He's right they should, but they are protected under the Croke Park Agreement so they won't.

Next step is either new taxes or charges, inevitable, the country is spending too much and theres not enough coming in.

People can whinge all they want, this government or any other government have to balance the books. Years of reckless spending on a pyramid scheme property bubble and government buying elections have got us in this mess.

It's time to pay up people.. Suck it up, empty your pockets or move to Australia/Canada.

Ghandee

Firegaurd wrote: »

It's time to pay up people.. Suck it up, empty your pockets or move to Australia/Canada.

That's the spirit. :pac:

shedweller

But doesn't every euro the govt spend partly come back to them in the form of taxes? If wages are less, the govt will get less taxes back. Or is my hangover still hitting hard??!!

DipStick McSwindler

This post has been deleted.

Ghandee

shedweller wrote: »

But doesn't every euro the govt spend partly come back to them in the form of taxes? If wages are less, the govt will get less taxes back. Or is my hangover still hitting hard??!!

Not if they do what we all expect them to do, which is raise income tax.

They get the same revenue, we get lower wage (taxed more).

Wanderer2010

So public sector pay again escapes the chop again, what a surprise. Even when the Croke Park expires, they will try and rewrite it, reword it in such a way that they justify keeping consultants on over 200,000euro a year, public body CEOs on even more than that, not to mention all their outdated expenses and claims. But this government wont tackle the unions and hence we will forever be working around public sector pay by cutting private sector wages, child benefit, home help etc etc. This country will not recover anytime soon unless we cut the unjustified wages of our top civil servants..

MagicSean

shedweller wrote: »

But doesn't every euro the govt spend partly come back to them in the form of taxes? If wages are less, the govt will get less taxes back. Or is my hangover still hitting hard??!!

It's the difference between long term and short term benefit. Take the construction industry. If a school needs to be built the governement will put it to tnder for "fairness". Invariably some Northern Ireland company will win and build the school and all the money will go back to the UK.

However, now lets assume the government instead hire 20 people straight from the dole to build this school. What are the benefits? Dole payments would obviously go down by 20 people. 20% of the money paid to these people would return to the state in income tax as well as income levy and prsi. Another chunk would go back tot he governement in the form of vat and customs levies. The remainder would either go to paying off mortgages or into savings. All in all a good thing in the long run. Plus you have a brand new school and if you buy all the materials locally you have put money into the community.

In the short term it's a higher expenditure in the form of wages and materials purchased. In the long run it's better for the country in the form of increased tax returns and better educational facilities. This balance between long and short term is something the current politicians are unable to do.

uberalles

IrishFeeney92 wrote: »

Lowering wages and highering cost of living......why the **** do we vote these morons in....we should do what the lybians did!

+1

Lesbians are the way to go on this

not yet

Firegaurd wrote: »

Right theres nothing like a harsh hangover on a sunday morning to face into harsh reality.

OK So some dude in the central bank thinks public sector wages should be reduced. He's right they should, but they are protected under the Croke Park Agreement so they won't.

Next step is either new taxes or charges, inevitable, the country is spending too much and theres not enough coming in.

People can whinge all they want, this government or any other government have to balance the books. Years of reckless spending on a pyramid scheme property bubble and government buying elections have got us in this mess.

It's time to pay up people.. Suck it up, empty your pockets or move to Australia/Canada.

Would you mind if I asked why you only mention PS pay in your post,when the report said PUBLIC AND PRIVATE SECTOR.

R0ot

I wonder if you took all the highest paid public sector workers (including ministers), let's say the top 10%, would dropping their Salary by 20% would it be greater than cutting all the other 90% by 5%.

Note:I wish I could not be paying a single persons tax when I have two kids and a partner just because we aren't married.

zenno

Ghandee wrote: »

That's the spirit. :pac:

You mean opportunity :pac:..... waiting for the Dole bashing to come. sure after labour and FG are kicked out who can we put in really that will make the right intelligent decisions ? FF, were doomed either way,

If i was a taxpayer now at this time i would crack especially on this Decembers budget, this country's business folk just hike up the prices just like the ESB and Gas knowing that people don't have the cash and then the shops and other retailers start moaning saying they have to shut down because lack of custom LOL WTF do they expect when you higher prices when the country is broke, shut down so. people have kept a tight belt for a few years now and are not spending much but the idiots in retail won't lower their product prices so they will continue to close down. Taxpayers are going to be hit by a cannon ball in the stomach come december and it's not on but tell that to the dopes you people voted in for government.

Ghandee

not yet wrote: »

Would you mind if I asked why you only mention PS pay in your post,when the report said PUBLIC AND PRIVATE SECTOR.

Prob because of this single statement from the article:

However, Mr Frisell stopped short of calling for public sector wage cuts. He said that is ultimately a decision for the Government.

jessiejam

IrishFeeney92 wrote: »

Lowering wages and highering cost of living......why the **** do we vote these morons in....we should do what the lybians did!

Because our choices are morons 1/morons 2/morons 3. Just pot luck on the day. All too cowardly to tackle the elephant in the room the banks and bondholders. Back to the age old i'll scratch your back if you scratch mine and its never gonna change. The only way it will change is if theres a revolution in the country

sock puppet

MagicSean wrote: »

However, now lets assume the government instead hire 20 people straight from the dole to build this school. What are the benefits? Dole payments would obviously go down by 20 people. 20% of the money paid to these people would return to the state in income tax as well as income levy and prsi. Another chunk would go back tot he governement in the form of vat and customs levies. The remainder would either go to paying off mortgages or into savings. All in all a good thing in the long run. Plus you have a brand new school and if you buy all the materials locally you have put money into the community.

In the short term it's a higher expenditure in the form of wages and materials purchased. In the long run it's better for the country in the form of increased tax returns and better educational facilities. This balance between long and short term is something the current politicians are unable to do.

You have it backwards. In the short run (forgetting about its illegality) it's better for the state. In the long run it would lead to protectionism and no foreign government would award a contract to an Irish supplier.

Japer

Wanderer2010 wrote: »

So public sector pay again escapes the chop again, what a surprise. Even when the Croke Park expires, they will try and rewrite it, reword it in such a way that they justify keeping consultants on over 200,000euro a year, public body CEOs on even more than that, not to mention all their outdated expenses and claims. But this government wont tackle the unions and hence we will forever be working around public sector pay by cutting private sector wages, child benefit, home help etc etc. This country will not recover anytime soon unless we cut the unjustified wages of our top civil servants..

+1. The sooner our public sector wages and pensions are reduced to what public servants in other jurisdictions "earn", the better. The country cannot afford it.

Duiske

"Ireland has done a lot over the past few years to improve competitiveness but there is still a case for lowering the cost base in the public and private sectors," said the Central Bank’s new chief economist, Lars Frisell.

Mr Frisell should lead by example and insist his €200,000 pay packet is reduced to the average industrial wage.

mikemac1

R0ot wrote: »

Note:I wish I could not be paying a single persons tax when I have two kids and a partner just because we aren't married.

Tax credits are a great reason to be get married :pac:

Back when the tax year started in April, it was always April that was the busiest month of the year for weddings

Ask your parents

woodoo

Everyone in the central bank could do with a massive paycut and a sizable round of redundancies.

cloptrop

My glorious system of balloon flotation would sort everything out and give people a better standard of living theres a thread on it entitled double jobbers in after hours somewhere . Facinating read .

ejmaztec

they're coming for the rest of our salaries/wages next folks

Suggested change to the thread title.:(


Taking the lead from Mick Wallace, the gubberment will also be threatening us with hitmen to give us more incentive to cough up.:eek:

Ghandee

ejmaztec wrote: »

Suggested change to the thread title.:(


Taking the lead from Mick Wallace, the gubberment will also be threatening us with hitmen to give us more incentive to cough up.:eek:

'But we're the only country not with a property tax' they said.

Very few coming on to defend this one. 'Ah sure we're paid far too much as it is'.

Now, looks like we'll have less disposable income to pay for property tax, fill the car, pay the mortgage (thanks AIB btw) and so on and so forth.

Social class divide is very very evident in Ireland atm. We need an uprising.

cloptrop

Itll take time but people need to realise the times of having a jeep for yourself and the missus are over . Ye get an awl micra for 600 quid .

ejmaztec

Ghandee wrote: »

'But we're the only country not with a property tax' they said.

Very few coming on to defend this one. 'Ah sure we're paid far too much as it is'.

Now, looks like we'll have less disposable income to pay for property tax, fill the car, pay the mortgage (thanks AIB btw) and so on and so forth.

Social class divide is very very evident in Ireland atm. We need an uprising.

They're making sure that we haven't got enough left over to buy guns.:(

Ghandee

ejmaztec wrote: »

They're making sure that we haven't got enough left over to buy guns.:(

I know a guy .



(Time to be entrepreneurial!):pac:

HeyThereDeliah

It always makes me laugh to see these people telling us we earn too much and we have to have pay cuts while their salaries are justified in their eyes.
They will push and shove the irish around for a little while longer until we will not take anymore. I can see protests in the new year and plenty of trouble.

marnie d

HeyThereDeliah wrote: »

I can see protests in the new year and plenty of trouble.

I wish that were true, they'd be asking people to empty their purses and wallets on the street and all that would happen would be a Facebook campaign and peaceful protest. We're a bunch of softies.

HeyThereDeliah

marnie d wrote: »

I wish that were true, they'd be asking people to empty their purses and wallets on the street and all that would happen would be a Facebook campaign and peaceful protest. We're a bunch of softies.

I don't think we will take much more unless salaries at the top in the private and public sector are cut and I mean a decent cut.

Firegaurd

not yet wrote: »

Would you mind if I asked why you only mention PS pay in your post,when the report said PUBLIC AND PRIVATE SECTOR.

Because the private sector wages are the only ones capable of being reduced as they are not protected under any agreement

marnie d

I don't think we will take much more unless salaries at the top in the private and public sector are cut and I mean a decent cut.

They really need to be cut, taking 70 euro a month (USC) off someone on a 21k salary is a LOT of money, while some of them are on 10 times what I get, and what they cut from their own is pitiful.

Firegaurd

Ghandee wrote: »

Prob because of this single statement from the article:

I think the question was directed to me.

Ghandee

Firegaurd wrote: »

I think the question was directed to me.

It was, but I would have assumed it was blindingly obvious why you mentioned PS cuts.

(blindingly obvious to those of us without protected salaries)