TheBigShort
Registered User
- Messages
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Low paid and middle incomes, typo on my part.
How can someone be low paid and middle income at the same time?
Middle incomes are too low. Increasing wages will fix everything, have you not being paying attention?
But to answer your question, yes.
Of course we shouldn't borrow to pay wages per se, but budget deficits are less than fiscal pact limits of 3% of GDP.
No of course not, not in the flat terms that you have presented it here.
I've asked you the same, straight forward question 3 times and have gotten 3 different answers - the answer above plus these two:
if we are intent on borrowing I can think of far more deserving things to spend the money on such as taking homeless people off the street.
I find it genuinely frightening that anyone in a position of power in this country could think like you. It is so utterly out of kilter with reality and it would destroy our economy in a matter of months.You are honed in on a narrow perspective. Looking over your shoulder at your neighbour wondering how much it is costing you.
The topic is about a global trend to increase the return on labour (admittedly, the title does not lend itself to that view).
But to answer your question, yes. I also think private sector workers need to see increases in their incomes, predominantly from the bottom up. For instance, a 25% increase in the minimum wage would spark demands for higher wages up the food chain. This will set about generating real domestic demand, increase savings, reduce debt etc.
Of course it cannot occur in a vacuum, international considerations need to be factored. But even a fleeting knowledge of national and global affairs would surely pick up the ascent of unlikely political outcomes. The cause of which is mistakenly construed by some commentators from the rise of extremism, racism, etc.
It is not, it is simple, as it always is - 'its the economy, stupid' (not you personally). When wages cannot pay the bills, rent, childcare etc, then there is a big problem. Add to that the extreme levels of wealth, overvalued labour at top-end earnings, that is prevalent in this economic model and tensions will start to rise. Scapegoats will be made of Gardai who cannot afford to live in Dublin, teachers who have seen their savings depleted, LUAS drivers whose employers tried to renege on previous agreements, etc, etc.
No it won't.Wages Increasing already for the top tax payers Public /Private sector will bring in more than enough to pay public servants ,I don't see any sign of a slow down in either group
If we increase wages by anything like the amounts you would like the Irish owned small and medium sized businesses which trade internationally will be wiped out within months.
we have to be competitive on an international stage.
For large sectors of the population their incomes no longer cover the cost of living. Not just in Ireland, but across Europe and the US aswell.
I find it very hard to understand the constant barrage of news saying that people can't cover the cost of living in Ireland.
Someone has money. A Hyundai SUV is the highest selling car in Ireland this year.
Maybe if the people stopped buying crap they don't need and can't afford there wouldn't be the massive debt that pervades Ireland / US
That would imply that you are not affected. I said large sectors of the population, that does not equate to everyone.
No-one is denying that there is not money out there.... it has concentrated itself in the hands of too few.
My cost of living does not include two cars, Ipads, ridiculously priced alcohol, frequent eating out, cigarettes, gambling etc.
We're a very rich country.
We just piss all our money away and are blind as to how good we have it. Or could have it.
And of course if you take each answer out of context then of course you can manipulate it to suit your agenda.
As stated in my last answer, wage increases should not occur in a vaccum. Or to put it another way, we shouldn't borrow to increase wages per se, or to put it another way, we shouldn't borrow to increase wages in the flat terms that you have presented here.
I assume, that as you keep asking the same question, then you don't understand the point.
We have a growing economy, interest rates are at zero, if the people working and contributing to this growing economy cannot afford a mortgage, rent, health insurance, childcare etc, then what is the point of growing an economy? Who should benefit from a growing economy?
If that happens we will see even more economic hardship while Asia (with more people than Europe and the USA combined) grows even more.I would argue that in the next few years we will begin to see wage growth across Europe and US, inducing inflation, raising interest rates.
No, it's bad. None of the products are made in Ireland so buying imported goods is a transfer of wealth out of the country. Increasing wages through borrowing in order to fund spending on imported goods is economic madness.I would suggest that it is not this spending that is of cause for concern, in fact such spending is good (aside the health effects of tobacco and alcohol) as they are industries in themselves creating employment.
So instead of fixing any of that you think we should pay everyone more. Is that the case?I would suggest it is working people burdened with large mortgage, rent, childcare, increasing insurances combined with income tax, usc, prsi, tv license, nct, car service, phone bill, property tax, pay cuts or pay freeze that is hurting.
The Public Sector Unions (the people with power)have bullied the Government into paying more to an already over paid sector.It is the people in power With the support of the people who have raised public sector wages .I don't think the are planning to borrow .I have already said where it in going to come from,
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