Ibec are welcoming it and Jack O Connor says its a roadmap to the stoneage..
Regardless of how people feel about it I would prefer if we, the Irish people had a choice on voting for it by way of general election rather than have it foisted on us by the worst government in the history of the state.
Is anyone else getting sick to the teeth of the Unions. I am (and Im a public servant)
Cant abide them, dont agree with them. Nothing but trouble
Let's look at the reality of things to come:-
1. 24000 Public Servants to be made unemployed. Therefore, millions worth of borrowed disposable income not available to the Private Sector (supermarkets, shops, restaurants etc).
You are missing one very important thing about reality here. There is no net loss to the economy in this instance. In order to keep these people employed their salaries will have to be taxed out of the economy. The productive economy is better off the less people are employed in the public sector, and it is a boost to employment in the productive economy that is needed most.Let's look at the reality of things to come:-
1. 24000 Public Servants to be made unemployed. Therefore, millions worth of disposable income not available to the Private Sector (supermarkets, shops, restaurants etc).
This on the other hand is a way of increasing taxation and this is negative on the economy. Now I do believe that everybody should be paying income tax, regardless of their income, but this is simply a measure to increase the overall tax take.3. Lower Paid to be introduced to the PAYE, again more disposable income not available.
When there is high unemployment it means there is an imbalance of supply of and demand for labour. Usually when supply and demand are off balance, prices adjust up or down. But when prices are not allowed to go down beyond a set amount, then no balance will be achieved, in this case unemployment will remain high. Lowering the minimum wage will have a positive effect on increased job opportunities.2. Minimum Wage to be reduced. Great, more disposable income not in circulation.
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