Posts in the "Wages" category

Productivity matters for everyone

Posted on January 18, 2018 by Paul Mac Flynn

In recent years one economic trend in particular has become increasingly important for policymakers across most western economies and that is productivity. It has become such a significant issue because while most other economic metrics eventually began to recover following the 2008 crash, productivity has remained stubbornly weak.

In simple terms productivity is a measure of how efficiently output is produced from inputs. However, productivity is a somewhat contested word, in that it can mean different things to different people depending on the context. In particular, there is quite a difference in how the word can be perceived when used in the micro sense as opposed to the macro.

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Permanent link | Categories: Government SpendingInvestmentWages

The housing crisis: rising costs, falling living standards

Posted on January 09, 2018 by Ciarán Nugent

 The national median disposable, net or after tax wage has increased by just under 8% since 2012 (now at €2,087 p.m. approx.) whilst the take home pay of a full-time minimum wage worker has increased by about 10% (now at €1,490). The most recent reports by show an almost 60% rise in average rents across the country and 40% growth in asking prices for residential properties in the same period.  The biggest increases have been in the Dublin area, followed by Cork and Galway.

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Permanent link | Categories: Wages

Interest Rates: Don't move too soon

Posted on November 01, 2017 by Paul Mac Flynn

Interest rates have been making the headlines in recent weeks, as speculation mounts about a possible change in policy this Thursday. In the UK the Bank of England base rate has been at an all-time low for almost 10 years. Monetary policy has been very loose since the Great Financial Crash of 2008, not only in the UK but around the world.

Low interest rates were also supplemented by a process of Quantitative Easing designed to free up even more money in the system by allowing central bank purchase less risky assets such as bonds.

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Permanent link | Categories: Northern Ireland Wages

Job insecurity is not a necessary trade-off to job flexibility

Posted on September 25, 2017 by Lisa Wilson

In the Autumn of 2016 Prime Minister Theresa May commissioned Matthew Taylor to undertake a review to consider how employment practices need to change in order to keep pace with modern business models. One of the central aims of the review was to consider the extent that emerging business practices put pressure on the ‘trade-off between flexible labour and benefits such as higher pay or greater work availability, so that workers lose out on all aspects’.

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Permanent link | Categories: IncomeJobsLiving wageNorthern Ireland Wages

5th Annual NERI Labour Market Conference - Extension of deadline for submissions

Posted on March 29, 2017 by Louisa O'Brien

Maynooth University

The fifth Annual NERI Labour Market Conference will be held on Friday 12th May in association with Maynooth University's external link Department of Applied Social Science external link , the Department of Economics, Finance and Accounting external link and the Department of Sociology external link . The conference will run from 10:00 - 16:00 and will include research papers on various aspects of the Irish labour market and Irish labour market policy.

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Permanent link | Categories: GenderIncomeLabour costsWages

Private Sector Wages

Posted on November 29, 2016 by Tom McDonnell

Collective Bargaining

The Republic of Ireland's economy has been on a strengthening arc for the last four years with a narrowing output gap and GDP growth expected to exceed 4% in 2016.

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Permanent link | Categories: Labour costsWages

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.

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Permanent link | Categories: Government SpendingLiving wageNorthern Ireland Wages

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 week. For 2017 the rate will be £8.45 an hour in all parts of the UK excluding London. The ASHE figures for 2016 show that 28% of all Northern Ireland employees were paid below the Living Wage in 2016. These figures are a 1.5% increase on last year and show the limits of the ability of the governments National Living Wage to make a serious impact on Living standards.

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Permanent link | Categories: Living wageNorthern Ireland Wages

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 presentation by Michael Taft, Unite the Union

Permanent link | Categories: TaxationWages

Internal Devaluation and the Irish Crisis

Posted on September 23, 2016 by Tom McDonnell

Beckett Bridge - Photo Credit: Michael Foley Photograph Flickr creative commons page:
Photo Credit: Michael Foley Photograph Flickr creative commons page:

The European Trade Union Institute have published a policy inBrief by Tom McDonnell discussing the Irish economic crisis and its aftermath. You can find it here.

Permanent link | Categories: Government SpendingIncomeJobsLabour costsMacroeconomicsWages

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