My sympathies on the job loss. That's probably how it came to Ireland in the first place though.
Your case is a timely dose of reality for the blinkered socialists posting here.
My sympathies on the job loss. That's probably how it came to Ireland in the first place though.All well and good having higher wages in Ireland but if it makes us noncompetitive the jobs will move elsewhere (as is happening to my job).
I would like to see all workers getting nuff to consume things.
Yep, agreed. The market sets the rate. That's the only fair way.I hear you , think we have to get to a debate on what is work/value etc .
I don't understand your point.(pay increases are a good thing = nuts) , unless the lower paid get nuff to buy stuff we are going nowhere !
We are talking about Ireland, not Europe.The USA has a massive internal market , but Europes is bigger and I would like to see all workers getting nuff to consume things.
True but that's a different point.You havn,t stated it , but I don,t think USA is a great community model ?
Do you think pay should be set on that basis or on the basis of the value the employee brings to the organisation?Purple,
(I don,t understand your point)
Unless employees get nuff to spend on items above bare necessities like food etc and can reasonably look at things like home ownership/good renting ,we end up with a sour underclass and an insulated class and that's no good for anyone.
I agree Gerry but social engineering is not a long term substitute for self development.It is easy to use (employee value to organisation) as a full benchmark, though I readily accept (value to employer)must make up a large %.
I don,t want my opinion to be viewed as a black/white /either /or view.
Employers benefit from the social costs of infrastructure and in things like prsi they contribute.
As an opinion ,
I worry about wages/reward being lowered to a minimalistic degree.
I worry that unscrupulous employers take advantage of this.
I worry that some lazy gits take advantage of our welfare system.
I worry mostly, that I see a drift to well paid V lowly paid staff, and that these lowly paid are left to endure their (place) in life !.
The biggest welfare handout in this country is to corporate multi nationals who pay no tax, to property developers bailed out by tax payers, to vulture funds buying on the cheap from NAMA from money borrowed at 0%.
Nobody should expect a pay increase this year for doing the same job the same way as they did last year,
Anyone who thinks pay increases are a good thing for us, with our small open economy, is nuts.
They account for about 30% of our debt. The rest is the result of paying wages and welfare which the state can't afford so I'd be slow to go down that road if I was you.The biggest welfare handout in this country is to corporate multi nationals who pay no tax, to property developers bailed out by tax payers, to vulture funds buying on the cheap from NAMA from money borrowed at 0%.
Yes in general, though when your employer (the state) is bankrupt and your wages are being paid with borrowings then things are a bit different.Does this principle apply to pay cuts also? If you do the same job the same way shouldn't this rule out a pay cut?
Where was that (in the context of Ireland)?As has been pointed out to you earlier, some people, far more qualified than me, would disagree.
Yes in general, though when your employer (the state) is bankrupt and your wages are being paid with borrowings then things are a bit different.
Where was that (in the context of Ireland)?
They account for about 30% of our debt. The rest is the result of paying wages and welfare which the state can't afford so I'd be slow to go down that road if I was you.
Well I figure, some €64bn to bailout banks, €32bn for NAMA
The 64bn to bailout the banks was the gross figure - a lot of this has been repaid. I think the net figure is about 40-45bn. What does the figure of 32bn for NAMA refer to?
The 64bn to bailout the banks was the gross figure - a lot of this has been repaid. I think the net figure is about 40-45bn. What does the figure of 32bn for NAMA refer to?
Repaid by who?
Its in the context of general economic theory. Wages are inflationary. Central banks around the world are trying to stoke inflation. Their primary tool is QE which is failing. It is only creating greater divides between rich and poor.
This is why property prices are rising in affluent areas of capital cities around the world, but elsewhere they are stagnant. This is why debt burdens are increasing not reducing as all money issued today is on the basis of a loan taken out rather than the value of productivity
The quickest and fairest way to stoke inflation into developed economies is through increased wages. This will stoke inflation, reduce debt burdens, increase consumption.
But it will also mean a massive transfer of capital to labour. Something that monetarists cannot countenance right now.
Same here but, no offense to thebigshort, we'd be discussing economics with a socialist which is like discussing evolution with a creationist.I would be happy to contribute to this if you wish to raise in another thread.
Same here but, no offense to thebigshort, we'd be discussing economics with a socialist which is like discussing evolution with a creationist.
Thanks. I knew you wouldn't take it the wrong wayHa! Not sure if seen this before, but im only picking up on that little dig.
Thats funny, considering what went before in this topic, and more so since then in other topics.
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