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We need to talk about wages

Posted on November 25, 2016 by Tom Healy

Tom Healy, Director NERI
Did you know that wages – as measured by real average weekly earnings – have not increased since 2008 in the Republic of Ireland ?  Never mind the Great Leap forward in GDP last year or the rapid and very welcome growth in employment (continuing to run at an annualised rate of close to 3%).   A release of data on wages is not accompanied by a media one-day major focus such as happens in …

Autumn Statement 2016

Posted on November 23, 2016 by Paul Mac Flynn

The Autumn Statement delivered by the new chancellor of the Exchequer Philip Hammond is the first substantial financial statement made by the government since the BREXIT referendum result in June. Naturally the referendum and its consequences featured heavily in the announcements, but it is still clearly too early to make any definitive forecasts for the longer term. The Office for Budget …

Posted in: Government SpendingLiving wageNorthern Ireland Wages

A new world is emerging

Posted on November 18, 2016 by Tom Healy

Tom Healy, Director NERI
What a year it has been so far.   The phrase used by the exiting Margaret Thatcher in 1990, ‘It’s a funny old world’, springs to mind in considering the fall-out from a referendum in the UK and a presidential election in the USA. However, the matter is far from funny. The immediate causes and impacts will be debated for years. The elections of Margaret Thatcher in 1979 and Ronald Reagan …

A note on the role of multinational companies in the Food Manufacture sector in the Republic of Ireland.

Posted on November 10, 2016 by Tom Healy

Tom Healy, Director NERI
In an earlier post I contrasted some measures of productivity in food manufacture [A Tale of Two Cities]. The Republic of Ireland stands out as having the highest gross value added per employee in 2012 amongst EU Member States.  Clearly something is odd with this.  The clue lies in a further distinction within this sector between home-owned enterprises and foreign-owned enterprises. In 2012 …

External shocks - change the detail but no need to rewrite the productivity playbook

Posted on November 04, 2016 by Tom McDonnell

TTIP
The vulnerability of the Republic of Ireland economy to external shifts and shocks was brought home in 2016 in at least two ways. While the potential Brexit from the European Union (EU) has unclear political implications, it has almost certainly negative economic implications. At the same time, the opening shots of an international or at least EU clamp down on aggressive tax avoidance has exposed …

Posted in: Government SpendingInvestmentMacroeconomics

Northern Ireland and the Living Wage in 2016

Posted on November 04, 2016 by Paul Mac Flynn

Last week the 2016 Annual Survey of Hours and Earnings for Northern Ireland was released and some interesting results emerged. The largest increase in wages was bottom 10% of employees reflecting a welcome boost from the introduction of the National Living Wage. However, the National Living Wage should also not be confused with the real Living Wage, for which the latest rate was announced last …

Posted in: Living wageNorthern Ireland Wages

Cherishing the children's teeth equally?

Posted on November 04, 2016 by Tom Healy

Tom Healy, Director NERI
The term ‘social wage’ is sometimes used to refer to those public goods and services consumed by workers and their families.  Apart from wages earned over a given period we enjoy the benefits of ‘free’ or heavily subsidised services in areas such as education and health (although the balance has changed over time and is tilted towards private sources in the Republic of Ireland relative …

A Tale of Two Cities

Posted on October 28, 2016 by Tom Healy

Tom Healy, Director NERI
“It was the best of times, it was the worst of times” – the opening line of Charles Dicken’s The Tale of Two Cities is a familiar one. It could be applied to the fall-out from the ‘Brexit’ vote in the UK on 23 rd June. If UK policy makers, analysts and the general public were not exactly prepared and informed for what would happen, what of Irish policy makers, analysts and the general …

Slides from NERI Post Budget Seminar - October, 2016

Posted on October 25, 2016

Slides from the NERI Post Budget Seminar held in the INTO Learning Centre, 38 Parnell Square, Dublin 1 on Wednesday 19th October.  The presentations were delivered by Eamon Murphy, Social Justice Ireland, Dr Mary P Murphy, NUI Maynooth and Michael Taft, Unite the Union. Above presentation by Eamon Murphy, Social Justice Ireland. Above presentation by Dr Mary P Murphy, NUI Maynooth. Above …

Posted in: TaxationWages

Getting ready for Brexit

Posted on October 21, 2016 by Tom Healy

Tom Healy, Director NERI
The prospect of the United Kingdom leaving the European Union presents a once-in-a-generation challenge for the Northern Ireland Executive, the Irish Government and citizens across this island.  A recent paper by economists at the Department of Finance [UK EU Exit – An Exposure Analysis of Sectors of the Irish Economy] summarises the situation facing producers south of the border in a very …

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