Given that we are a peripheral economy which is already high ware and high cost with low rates of productivity in the indigenous economy we should sit back and let wage increases in Germany solve the ECB's problems while maintaining our current pay rates thus clawing back some of the losses in relative wage productivity we have suffered over the last two decades.The topic is about the ECB policy to induce inflation into the eurozone economy. The arguement was that wage increases are inflationary and not QE.
The article attached supports the notion that wage increases can help the ECB reach its inflation target. There is no mention of QE.
Wage increases work in Germany because it is a manufacturing Country will not work out the same way in Ireland ,
There are lots of groups in Ireland who will have to take a pay cut or pay more into the system if the want the same take home pay as there German Co Workers,
Because the capital intensive multinational sector is highly labour productive and so it gives an artificially good impression of productivity as a whole in this country. I don't think we should fool ourselves into thinking that we are efficient based on what a few global giants do in this country (the same ones that give us so much or our Corporation tax take), just as we shouldn't have fooled ourselves into thinking we were rich during a construction and debt bubble.Im not sure why you would highlight the apparent low rates of the indigenous economy, instead of the economy as a whole? Which is, apparently, purring along nicely with projected forecasts being met, if not being beaten.
The average pay rate for Google direct employees is €94,000. The figures for many of the jobs in the MNC sector are similar. They are doing fine on what they get.I think the case for wages increases to the sectors of the economy that are productive are beyond dispute at this stage – this will hopefully have a knock on effect of boosting the ‘indigenous’ economy resulting in wage increases there too.
The average pay rate for Google direct employees is €94,000.
The average pay rate for Google direct employees is €94,000. The figures for many of the jobs in the MNC sector are similar. They are doing fine on what they get.
Didn't know that....wait until the union in the ESB finds out!
Wage increases work in Germany because it is a manufacturing Country will not work out the same way in Ireland ,
There are lots of groups in Ireland who will have to take a pay cut or pay more into the system if the want the same take home pay as there German Co Workers,
Ireland is changing fast the Government do not have the money to increase wages like in the old days the were spending money paid in by workers for there future pensions the hens are Comimg home to roost any extra wage increase will mean more tax needs to be collected so Ireland cannot help the ECBThere are over a 1,000 MNC's in Ireland, nice of you to use the cream of the crop for your example. Here are some wage stats with reflective of the economy as a whole, including MNC's.
http://www.cso.ie/en/releasesandpublications/ep/p-fdi/fdi2015/awe/
In any case, how is what you are posting about Google Ireland or our indigenous sector going to assist the ECB in achieving a 2% Eurozone inflation target?
Perhaps at this juncture you could offer a proposition as to how they might achieve this?
Ireland is changing fast the Government do not have the money to increase wages like in the old days the were spending money paid in by workers for there future pensions the hens are Comimg home to roost any extra wage increase will mean more tax needs to be collected so Ireland cannot help the ECB
The price of oil has doubled since this time 2 years ago....the ECB could be trying to reduce inflation to 2% soon enough...
http://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
Ireland is in no position to help ,Ireland has let its cost of living get out of control driven by past wage increases,
How many Google Direct employees in Ireland?The average pay rate for Google direct employees is €94,000. The figures for many of the jobs in the MNC sector are similar. They are doing fine on what they get.
Any extra money the Government takes in the first call is to build a fund to pay future pensions while we have the working population to do so,I disagree. Past wage increases are nearly irrelevant at this point. Pub sector benchmarking was when? 2002? Nearly half a career life-time away. Even since then, the cuts since 2008 have clawed most of those increases back.
We simply cant forever point to the distant past and cry "we cant afford it" even though the economy continues to grow
https://tradingeconomics.com/ireland/gdp-growth-annual
Any extra money the Government takes in the first call is to build a fund to pay future pensions while we have the working population to do so,
We all kow that is due to the activities of MNC's.Manufacturing, value added (% of GDP) in Ireland was reported at 34.69 % in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Industry, value added (% of GDP) in Germany was reported at 30.49 % in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Google employ around 3000 people in Ireland with another 3000 people on full and part time contracts employed through other companies such as Accenture. I presume these are generally low paid jobs.How many Google Direct employees in Ireland?
What % of the total Google workforce here do they represent?
So the 3,000 people directly employed are on an average wage of €94k???Google employ around 3000 people in Ireland with another 3000 people on full and part time contracts employed through other companies such as Accenture. I presume these are generally low paid jobs.
The average wage in US Multinationals in Ireland is around €60,000.