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We did this in the 80's, guaranteed Irish and that sort of thing. I won't be doing it again.
Why on earth not?.....I just believe in supporting those who live near us. Be it a case of buying Irish goods in local shops or making the choice between buying Lamb from New Zealand or a local farmer.
It might cost me more to do but it a price worth paying.
Surely it is more directly important that insurance staff (and other people who's jobs are being outsourced) cut their salaries first, rather than looking for the indirect impact that would result from cutting the salaries of public service staff?It was a general point about out cost base as a country and why companies outsource. Do remember that jobs are being lost to the UK, Holland, the USA and other Western countries as well as "new" low cost economies.
Surely it is more directly important that insurance staff (and other people who's jobs are being outsourced) cut their salaries first, rather than looking for the indirect impact that would result from cutting the salaries of public service staff?
Private sector income gets lowered in real terms by basic supply and demand. Public sector pay does not. I agree with you point but I am sure you see the knock-on effect of having public sector pay increase as a proportion of overall tax take and GNP.Surely it is more directly important that insurance staff (and other people who's jobs are being outsourced) cut their salaries first, rather than looking for the indirect impact that would result from cutting the salaries of public service staff?
The Hibernian situation proves the ineffectiveness of the 'basic supply and demand' theory. Hibernian workers didn't lower their wages. They lost their jobs to India. I wonder how long it will take before Irish banks start advertising 'call centres in Ireland' as a product benefit, as has happened in the UK.Private sector income gets lowered in real terms by basic supply and demand. Public sector pay does not. I agree with you point but I am sure you see the knock-on effect of having public sector pay increase as a proportion of overall tax take and GNP.
I believe slashing public sector jobs and wages would be an excellent start to recovery. The country just can't afford these huge pay packets. What we'll probably end up with is a hike in income tax.It would be helpful for those who believe the solution to our economic woes lie in wage cuts to lead by example. When do you think that will start happening?
If I go to Dunnes stores instead of Tesco's because the bread is cheaper there, I guess I am running my own race to the bottom? Does that make me a "bad" person?This is of course the 'race to the bottom' that the IBEC men (note the lack of gender balance) have wet dreams over.
We were happy with the race to the bottom when we were at the bottom.The Hibernian situation proves the ineffectiveness of the 'basic supply and demand' theory. Hibernian workers didn't lower their wages. They lost their jobs to India. I wonder how long it will take before Irish banks start advertising 'call centres in Ireland' as a product benefit, as has happened in the UK.
I don't disagree that public sector salaries have an indirect knock-on effect on the overall economy, but to suggest that the solution to the Hibernian situation lies in public sector salaries is at best misguided, and at worst a flawed attempt to spin the IBEC/PD agenda yet again. If you believe that wage levels are the cause of the problem, then the place to start is with the wages of the staff involved.
For the record, I don't believe that the solution to this situation lies in wage cuts by public or private sectors. This is of course the 'race to the bottom' that the IBEC men (note the lack of gender balance) have wet dreams over. It would be helpful for those who believe the solution to our economic woes lie in wage cuts to lead by example. When do you think that will start happening?
Re: Hibernian moving to India - is it time we acted?
I was thought the following in school (it was a few years ago so maybe they've changed it since):The Hibernian situation proves the ineffectiveness of the 'basic supply and demand' theory.
For the record, I don't believe that the solution to this situation lies in wage cuts by public or private sectors. This is of course the 'race to the bottom' that the IBEC men (note the lack of gender balance) have wet dreams over. It would be helpful for those who believe the solution to our economic woes lie in wage cuts to lead by example. When do you think that will start happening?
It''s interesting that people give out about jobs being outsourced to India but no one complained when an international multi national outsources jobs to Ireland, as often happened in the past when these companies closed sites elsewhere and moved the job to Ireland as we were cheaper.
I agree. I've made that point here a number of times.Very good point. A few years back, in the '80's, I was involved in transferring some IT projects from Canada to Ireland for a major US multi-national corp. I had to visit the plant in Canada to get some training prior to the move. The people that I worked with over there were the ones who would 'lose out' by some of their work moving to Ireland. They were not too happy about my presence and I could sense some hostility.
No-one in Ireland had any complaints, though.
The ineffective bit is the bit that leaves the Hibernian staff unable to pay their mortgages. Economic theory is fascinating, but the real world is a bit different.I was thought the following in school (it was a few years ago so maybe they've changed it since):
Supply is the amount of product that a producer is willing and able to sell at a specified price, while demand is the amount of product that a buyer is willing and able to buy at a specified price.
What bit do you find ineffective?
I can't argue that many high level people in both the private and public sector are probably overpaid, at least in the private sector there is often(and I accept, not always) an element of pay for performance. That does not exist in anything other then in name in the public sector.
However public sector employees never seem to factor into their salary the fact that it is close to impossible for many of them to be sacked, no matter how incompetent they are.
No-one in Ireland had any complaints, though.
Jeez, where did you purchase your dictionary?Atavistic insular populist nationalist sentiments would never influence my purchasing decisions to be honest.
I get what you are saying but it's the result you don't like, not the theory.The ineffective bit is the bit that leaves the Hibernian staff unable to pay their mortgages. Economic theory is fascinating, but the real world is a bit different.
Do you think that Jim Flavin and the CEO of Bank of Ireland are typical of every private sector earner?Don't make me laugh with pay for performance in the private sector? How much was Jim Flavin paid for costing DCC in the region of €80m? Even when senior execs are 'fired', this is generally a negotiated settlement (at the cost of the business of course). How is pay for performance applying to the CEO of BOI whose shareholder value has halved in the past year?
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