Labour costs in accommodation and food sector below EU15 average
Posted on October 16, 2012
Labour costs in the accommodation and food sector are below the average of western European countries. Labour costs include wages, but also employers PRSI, which is far lower in Ireland than most western European countries.
In the latest edition of the NERI's Quarterly Economic Facts, indicator 3.1b details labour costs in the accommodation and food sector across western Europe. In Ireland it costs €16.04 to employ a worker for an hour, but the western European average is €17.13. In Denmark it costs an average of €27.09 to employ a worker for one hour in the accommodation and food sector. The low cost of employing workers in Ireland is even more striking when one accounts for the high cost of living in Ireland. While the accommodation and food sector does face some high costs, labour is not one of them.
For more information got to the latest edition of the NERI's Quarterly Economic Facts.