bearishbull
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http://www.finfacts.com/irelandbusinessnews/publish/article_10005457.shtml
data from cso shows average industrial wage(per hour) only increased by 2.1% last year(2005) after factoring in increased working hours(people worked 1% longer in 2005). basically wages only increased in line with inflation but utility bills and house prices increased far in excess of inflation,how long can this continue? did you see your wages increase by more than inflation(now running at 3%) ? could this be because of the immigrant worker effect? if average wages for many arent increasing by more than inflation how can people be affording to buy homes and spend so much?
data from cso shows average industrial wage(per hour) only increased by 2.1% last year(2005) after factoring in increased working hours(people worked 1% longer in 2005). basically wages only increased in line with inflation but utility bills and house prices increased far in excess of inflation,how long can this continue? did you see your wages increase by more than inflation(now running at 3%) ? could this be because of the immigrant worker effect? if average wages for many arent increasing by more than inflation how can people be affording to buy homes and spend so much?