How do people feel about this one? Will it be short and sweet?
Mod warning:
https://www.boards.ie/discussion/comment/121425200/#Comment_121425200
They won't raise interest rates near high enough to combat high inflation. The IMF done a great research paper back in 2011 on Fiancial Repression you should look it up this is the exact instrument The ECB are going to use to liquidate thier debt and keep Europe from collapsing (high inflation may cause the normal working class to rise up especially if a food shortage comes, which is an unknown that may cause this idea to go up in flames as well as the Euro zone if it backfires).
They will ideally want inflation 8% and no higher and interest rates 1.5%-2% so a real negative rate of 6%.
We will see you only have to look at the U.S at what theirs is up at. As for pay rises to the PS can anyone tell me where we are going to get the money is it
A:) Cuts to services
B:) further borrowing so our kids and grand kids pay it back with a lot of interest
C:) More taxes and what is the mechanism for getting more taxes.
All sh1te aside I think the government need to answer this question for transparency before any pay rises are given along with a plan for the longer term expense that will come in the upping of ps pensions.
The amounts medical consultants earn is eye watering to 99% of the population. Seems a bit mad when someone earns 200K a year for a part time job with the HSE and the HSE badly needs them to work full time to clear the growing waiting list but they won’t because they want to earn another 200k with their private practice .
No doubt it'll be something like the did in the last crash by bailing out the banks with the national pension reserve, and basically fucked the younger generations pensions so now they not only will never afford a house but won't have a pension when the retire either. It's a great place, honestly it's utterly depressing, I'm not a tin foil hat guy but it feels like they want to oppress us into oblivion so they can control everything.
This is BS on many levels.
I own a Clinic with consultant rooms and my wife is an A&E Doctor, she could earn more and have better working conditions abroad. Hospitals make enormous amounts of money billing insurance companies for private procedures and if consultants didn’t have private clinics, all those patients would be lumped on to the inefficient public lists. I spoke to a consultant Paediatrician this afternoon who said she spent a couple of hours yesterday trying to sort out a bureaucratic mess in the Hospital that severely restricted her time with patients. An orthopaedic surgeon said he regularly can’t operate on his public patients because the theatre has no staff. Private consulting rooms do not run like that.
If you want to cut waiting lists, hire more Doctors, pay them what they can earn abroad and improve working conditions. Oh, and if you want a €200k wage, if you start in Uni in September, in approx 2034 you will reach consultancy level.
how much do you earn?
can the public really afford to pay you that for your services?
As a private business owner, what I earn is not your concern, that is between me, my accountant and Revenue.
All public servants earning less than 100K should receive a pay rise that matches inflation . . . which is currently between 8-9%. Otherwise they are receiving a pay cut.
They won't receive this from FF/FG (current offer is 2.5% for this year), of course, so their unions should ballot and prepare for strikes.
😂
Try running a country without police, schools and hospitals and get back to me.
correct.
the exact same holds true for public servants salaries fyi.
I am not paid by the Government, what I earn is not a public interest story, I am not using the media to support my demand for a wage increase, there is no chance of me going on strike and discommoding the public if I don’t get what I want. My wage is dependent on performance and market forces etc. As a private individual, my neighbours don’t care what I earn, my neighbours have an interest in PS wage negotiations and the impact an impasse will have on their lives. So Snoopsheep, the situations and public interest is very different, that is why no one cares about my wage, and do care about yours.
you might want a general exchequer thread lad this is about wage agreements between us and our employer
or maybe you ask the people who fund your business how much you should pay your employees?
Who's using the media to support their demand for a wage increase?
The media in Ireland are a joke.
Are you saying your union isn’t briefing the media on their negotiations and the reasons supporting a pay rise?
i think the prices private healthcare operators are charging in this country is a scandal
not only does it contribute to inflation but people would be better off with these services at a much lower price so i think they should all be at say 2005 levels
jesus this IS fun i can see now why a few of ye haunt these threads
who's next. @fliball123 what's your gig son?
Don’t use them.
move
The job of the unions will be to answer the questions of the media not only for the general public to hear but for their members also. As a union member myself I would be very interested to hear union justification for signing up to a rise which is well below the level of inflation (i.e. a pay cut).
Couldn't afford them. I'm a civil servant.
Good job you have the well run public service health system to rely on.
I think the offer by government being reported is very fair, the unions are being greedy as usual. People have to accept, both private and public, that wage increases are going to be less that inflation increases, that we are going to be worse off that previous. As well that the public service will also gain from measures in the budget that help the private sector too e.g. Increasing tax bands and fuel/energy assistance.
Everyone's income should be public knowledge. The revenue already know - just make tax returns public.
It would sort out any gender pay gap nice and quick and make it easier to identify tax dodgers and criminals.
The arguments against this tend to be self-serving.
What fuel energy assistance? You mean the odd 100 quid here and there off an electricity bill?
I'd prefer the money in my bank account and I'll manage paying my own bills, thanks.
2.5% is a pittance and to a middle of the scale CO, would be about €14 a week.
As it stands, its looking like social welfare recipients will be getting bigger increases than them. (€20 increase to basic allowances being called for)
Do you think thats fair?
A pay cut is a fair offer? Government is reaping in the benefits of the increased price of energy via taxation and duty yet it appears that people "have to accept" they're going to be worse off because the Government don't believe that inflation should apply to them also.
It's quite impressive for the government to say to its own employees: "Your inflation is 8-9% but ours is 2.5%"
Employers may see significant benefits in knowing what competitors are paying, and what an applicant is earning before hiring new staff. It would also make it easier to apply downward pressure on wages if it could be known what other companies pay existing and new staff particularly during a recession , so I have no doubt it would be welcomed in some quarters. Published earnings would be based on what is declared, would it make it easier to identify tax dodgers and criminals? Do criminals usually declare illicit earnings to Revenue? I wouldn’t have thought so.
Isn't it?
How much are consultants paying you for a suite of rooms in the private clinic you own?
I doubt you'll be worrying about paying your bills this winter.
Between last year and this, how much of a pay cut after inflation are you taking?
Is the amount being paid into your bank account being reduced? Inflation means goods and services cost more, but your employer has not cut your wage.
The ESRI are a total irrelevance. They're a Paddy think-tank QUANGO full of extremely well paid insiders who hang around with politicians all day who just happen to periodically produce reports that politicians want to read and hear. They're all about setting the agenda from which the likes of RTE, Newstalk, Today FM and others will just parrot out the same information.
In your opinion. Of course if they agreed with you, they would be reputable.
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