as we are the fastest shrinking economy in the developed world isnt it time that all those on high (left & right) accept we cannot have the rates of pay we have in both the private and public sector.
What does an outside analyst/investor/commentator think when they see the state of the economy and then see pay levels??
I think many people are pre occupied with what may seem large amounts at first glance, compared to say their Uk counterparts to use an example.
What is generally omitted from an argument on wages when compared is the absolutely massive difference between costs of living.
Just a few examples, nothing specific...
When I visit the Uk I take the family for an excellent roasted meal, the full works at £3.50 for an adult a fiver with a pint, In ireland at a guess the same would be €20. min
I had to get a new tyre, cost me £30 ....in Ireland it cost me €120
My pulic liabillity insurance is 300% more expensive in Ireland
A pint is half the price (£ to €)
A plasterboard cost me £2.50 in B&Q and €12 in Chadwicks
What I am saying is a teacher in Ireland for arguments sake may earn €38,000
A teacher in the UK may earn €28,000.....but the cost of living is at least half and probably more.