The urgent need to reduce the cost of labour in Ireland.

Jawgap · 25-02-2017 10:30PM

realitykeeper wrote: »

Very interesting chart. It is a bit like economic hyperventilation. Reblowing the bubble is not the solution. Pay must fall properlyto facilitate a real and sustainable recovery.

No, the interesting thing about the chart is that it demonstrates that your initial suggestion that labour costs had not fallen was incorrect.

Nice attempted deflection though

realitykeeper · 25-02-2017 10:31PM

Deleted User wrote: »

The cost of living needs to come down first and a quick way to do that would be to return the VAT rate to its 2011 rate of 21%. It would only be a 2 percent decrease I know, but it would be 2% on practically everything you buy.

I have no problem with the government cutting spending but pay must fall dramatically now if hyperinflation is to be forestalled.

Water John · 25-02-2017 10:35PM

OP is coming out with something new in every post. You are now foretelling Hyperinflation. Have seen no source anywhere point to this possibility.

Hyperinflation??? Laughable.

Donal55 · 25-02-2017 10:36PM

realitykeeper wrote: »

I have no problem with the government cutting spending but pay must fall dramatically now if hyperinflation is to be forestalled.

You really haven't a clue.

realitykeeper · 25-02-2017 10:36PM

El_Duderino 09 wrote: »

I doubt it. It smacks of 'other people should accept lower pay'. I'll be surprised if 'other people' aren't poorer people.

It is more a case of wanting to prevent a nightmarish future.

Jawgap · 25-02-2017 10:37PM

realitykeeper wrote: »

It is more a case of wanting to prevent a nightmarish future.

.....and locking everyone into a downward wage spiral is what? Nirvana?

noodler · 25-02-2017 10:39PM

realitykeeper wrote: »

In that chicken & egg scenario, cost of labour must fall first.

Whilst obviously we can't let cost of labour get out of whack with other competitors, your entire opening post is based on very subjective interpretations of barely relevant events.

realitykeeper · 25-02-2017 10:40PM

Mr.Micro wrote: »

My apologies, nothing, other than these people took the time and effort to stuff the boxes, effectively ruining the whole recycle effort and overall costs of the scheme. The companies then have to make up these extra costs and perhaps could push it on their employees to take less wages.

It does go to show that these people have no problem handling waste. They are the people who would be ideal for waste sorting by hand in a low pay economy.

realitykeeper · 25-02-2017 10:48PM

Yourself isit wrote: »

It's much lower here than most countries in Europe.

Ireland has a large debt and a trade deficit. Comparing apples with oranges is not cogent.

Water John · 25-02-2017 10:49PM

TMK, its individual householders are who have taken to putting the wrong waste into recycling.

This thread is bewildering.

realitykeeper · 25-02-2017 10:51PM

jimmycrackcorm wrote: »

If we want to cut the cost of living and labour then the obvious issue to tackle is the cost of housing.

The government should CPO tracts of land and offer incentives to get low cost housing built.

The government deliberately re inflated the property market so that NAMA might make a "profit." Leprechaun economics is alive and well.

Jawgap · 25-02-2017 10:53PM

realitykeeper wrote: »

Ireland has a large debt and a trade deficit. Comparing apples with oranges is not cogent.

Again, the absolute level of debt is unimportant - it's whether it's manageable and it's emininetly manageable. Is there any evidence we're not managing our debt? Especially as a good chunk (about 30%) of it is actually held as a cash reserve?

Jawgap · 25-02-2017 10:55PM

realitykeeper wrote: »

The government deliberately re inflated the property market so that NAMA might make a "profit." Leprechaun economics is alive and well.

How? Explain please.

Water John · 25-02-2017 10:55PM

The recovery in property prices actually was very beneficial to all the banks that the Govn't own.

My house is now just about the value of its replacement cost. So it's not over inflated, but has recovered from an artificial low value.

realitykeeper · 25-02-2017 10:57PM

pablo128 wrote: »

I'll tell you what. You'll never be short of work if you do it for nothing.

Out of interest, could you tell me how many euro per hour you would consider to be the minimum acceptable in Ireland if wages were to be lowered.

The figure is immaterial. What matters is what it can buy.

Donal55 · 25-02-2017 11:02PM

...and then the urgent need to reduce the cost of labour actually only applies to PS and SW recipients according to Reality.

What a roundabout way of a thread to having a PS/Dole rant.

Allinall · 25-02-2017 11:04PM

realitykeeper wrote: »

The government deliberately re inflated the property market so that NAMA might make a "profit." Leprechaun economics is alive and well.

No they didn't .

tabby aspreme · 25-02-2017 11:08PM

realitykeeper wrote: »

The figure is immaterial. What matters is what it can buy.

If everyone took a 50% pay cut in the morning , how long would it take for the cost of living to drop by 50% , so people could manage on there reduced wages, and what would happen in the meantime

Wanderer78 · 25-02-2017 11:11PM

tabby aspreme wrote: »

If everyone took a 50% pay cut in the morning , how long would it take for the cost of living to drop by 50% , so people could manage on there reduced wages, and what would happen in the meantime

maybe a 50% increase in the need for grave diggers!:D

Yourself isit · 25-02-2017 11:40PM

realitykeeper wrote: »

The figure is immaterial. What matters is what it can buy.

Yeh and the less you earn the less you can buy.

I think your philosophy might have worked in the pre euro age with currency depreciation. But not now.

Yourself isit · 25-02-2017 11:41PM

tabby aspreme wrote: »

If everyone took a 50% pay cut in the morning , how long would it take for the cost of living to drop by 50% , so people could manage on there reduced wages, and what would happen in the meantime

Nothing imported would drop in price.

Yourself isit · 25-02-2017 11:42PM

realitykeeper wrote: »

I have no problem with the government cutting spending but pay must fall dramatically now if hyperinflation is to be forestalled.

Hyperinflation? It was 0.3% last year.

tabby aspreme · 25-02-2017 11:45PM

Yourself isit wrote: »

Nothing imported would drop in price.

I'm aware of that, but I would like the op to answer the question,

Allinall · 26-02-2017 12:32AM

realitykeeper wrote: »

I have no problem with the government cutting spending but pay must fall dramatically now if hyperinflation is to be forestalled.

What makes you think hyperinflation is imminent?

The ECB have a tight hold on interest rates, which are directly related to inflation.

Your posts make no sense.

El_Duderino 09 · 26-02-2017 12:35AM

realitykeeper wrote:

I am referring to state/semi state employees and low skilled workers many of whom are unemployed.

I've always suspected it's the poorest people who are being paid too much bloody money. Maybe the OP wants everyone else to take a pay cut too... Let's read on and see

realitykeeper wrote:

Not all pay necessarily. For example, high tech multinationals and private sector generally can continue to pay current salaries.

Not everyone should take a pay cut then? Just the public sector?

I can't imagine which sector the OP works in... Maybe the 'private sector generally'?

I wonder if the OP wants to cut wages of everyone in the private sector or just the lowest patd in the private sector. Let's read on...

realitykeeper wrote:

Abolishing the minimum wage would encourage the growth of indigenous export industry and drive all salaries down to some extent which is fine as costs would fall.

Minimum wage folk are probably the problem.

Thinly veiled 'other people should be happy to accept lower pay' thread.

To help hurry the thread along, the OP should take a pay cut, but only after everyone else takes one first.

jimmycrackcorm · 26-02-2017 12:51AM

K.Flyer wrote:

Been done before with not very good results, lots of council houses with no amenities equals a recipe for disaster.

I wasn't even referring to council houses. I was principally talking about ordinary workers being extorted through sky high prices simply because of a lack of supply pushing up prices.

Social housing would get a benefit by being cheaper for councils to acquire if the supply was in place.

Owryan · 26-02-2017 01:09AM

Water John wrote: »

OP is coming out with something new in every post. You are now foretelling Hyperinflation. Have seen no source anywhere point to this possibility.

Hyperinflation??? Laughable.

If you look at his post history, he has been predicting that the end of capitalism/ global crash/recession/economic meltdown/hyperinflation will occur this year, for the past few years.

Apparently the only way to save ourselves is to cut pay to nothing, this will force businesses to drop their prices, builders to sell homes cheaper and turn us into a major production driven economy. Not sure the reasoning behind any of that makes sense but it sounds good.

El_Duderino 09 · 26-02-2017 01:36AM

Owryan wrote:

Apparently the only way to save ourselves is to cut pay to nothing,

Oh no. Taking the OP at their word, they want the public sector to reduce pay while private sector employee's pay stays the same - except minimum wage private employees.

That means everyone except well paid private employees should take a pay cut. That's very different from everyone taking a pay cut.

OP, if public sector and minimum wage people should take a pay cut, but not everyone else, how deep should the pay cut be for those affected?

realitykeeper · 26-02-2017 10:30AM

Yourself isit wrote: »

Nothing imported would drop in price.

... which is why Ireland would begin to manufacture and become more export orientated. At present, Ireland is still running a fiscal deficit. If indigenous export orientated manufacturing became the main employment source, Ireland would have a fiscal surplus.

realitykeeper · 26-02-2017 10:31AM

Yourself isit wrote: »

Hyperinflation? It was 0.3% last year.

The calm before the storm.

The urgent need to reduce the cost of labour in Ireland.

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