Don't normally post here but thought this warranted debate:
http://www.irishtimes.com/business/siptu-calls-for-5-pay-increases-and-11-45-minimum-wage-1.2086867
I'm far from being an economics expert, but surely this is pure insanity? This would push up to having the highest minimum wage in Europe, if this table is correct:
http://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_minimum_wage
For me, this would drive up the price of everything, we'd be back to square one and we'd take a huge hit in tourism and exports among other things. Surely the way to go is reducing taxes, taking as many people out of the tax net as possible and keeping us competitive?
How are organisations like SIPTU getting any support at all, coming out with recommendations like these?