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Posts in the "Wages" category

Tábhacht Postanna, Pá, Tithe

Posted on June 03, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

An príomh rud atá in easnamh sa tír seo faoi láthair ná dóchas – dóchas atá bunaithe ar fhírinní agus ar fhéidireachtaí na sochaí.

Tá teipeadh le straitéis na déine san Eoraip. Tá an tuarascáil is nua ag an gcomissiún Eorpach  Ní thugann an cháipéis aon tuarthaí nua dóchas agus athrú bunúsach do phobal na hEorpa. Níl an ráiteas bunaithe ar na fíricí ó thaobh dí fhostaíocht, caiteachas cúrsaí sláinnte. Níl le hofráil ach níos mó den pholasaí atá ag déanamh scrios don Eoraip cheana féin. Luaigh siad caiteachas poiblí ar sláinnte – go bhfuil sé thar an mean don AE. Níl sé seo fíor mar tá an figiúr seo bunaithe are oll-Ioncaim náisiúnta cé n’úsáidtearr GDP nó OTI ag an gcomisiún I gcónaí chun comparáidí a dhéanamh.

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Permanent link | Categories: Government SpendingInvestmentTaxationWages

Jobs, Wages, Homes

Posted on May 30, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

Following 6 years of declining or stagnant living standards many people are wondering what the future holds. The gathering crisis of accommodation and social housing has caught many by surprise. While there has been a welcome pick up in employment and a very modest fall in unemployment these changes are tentative and it remains to be seen how fast we can move towards single-digit unemployment figures. Under-employment, unemployment, precariousness and poor-quality work experience are widespread and they impact on young people in particular.

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Permanent link | Categories: Government SpendingInvestmentJobsTaxationWages

New data on Ireland’s ‘working poor’

Posted on May 13, 2014 by Micheál Collins

working poor chart 2012

The recently released CSO SILC report offers an updated insight into the composition of those living below the poverty line in Ireland. That line equalled €203.50 per week for an individual and €338 per week for a couple in 2012 (the year of the most recent data).

Overall 16.5% of the population live at risk of poverty and the report provides a decomposition of this group (see the pie chart). It finds that 12.6% of the poor are at work but not receiving sufficient income to reach the poverty line. That group represents about 6 in every 100 workers; about 100,000 workers.

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Permanent link | Categories: IncomeInequalityLiving wageWages

The lower paid

Posted on May 03, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

Eurostat – the official Statistical Agency of the European Union measures low pay as ‘those employees earning two thirds or less of the national median earning’. In 2010, at 20.7% Ireland (Republic) had the 10th highest rate of low pay as measured by Eurostat. By contrast, Sweden had a rate of 2.5% while Latvia had 27.8%. The EU27 average was 16.9%.  Who are the low paid and where are they in Ireland?  In our most recent Quarterly Economic Observer (Spring 2014) we have shown how low pay, in Northern Ireland, is concentrated in particular sectors (Hotels, Restaurants and Retail) and among particular groups (young, female, part-time). In the case of the Republic of Ireland the most recently available data on the distribution of hourly pay relates to the year 2009 as measured in the National Employment Survey.  Arising from a special request to the CSO special tabulations have been prepared. These indicate the following:

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Permanent link | Categories: JobsWages

On the Generosity of Ireland's Welfare System

Posted on April 23, 2014 by Micheál Collins

OECD Replacement Rates 2

Earlier this week, the OECD launched their preliminary review of the Government’s Action Plan for Jobs. The review rightly complements the significant labour market progress of recent years – a point we highlight in the most recent NERI Quarterly Economic Observer. There we anticipate unemployment will continue to fall reaching 10.2% by 2016.

Although the document itself (link below) does not point towards the Irish welfare system as being ‘generous’, some media reports have suggested it does. However, it is worth examining any such claim on the basis of the data available to us.

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Permanent link | Categories: IncomeJobsLabour costsWages

Improving women's access to the labour market could create 65,000 jobs

Posted on April 08, 2014 by Rory O'Farrell

A new paper (available here) highlights some of the most prominent features of the Irish labour market; a polarised labour market with relatively low labour market participation for women. The implication for this is that, by increasing labour market access for women, roughly 65,000 jobs could be created.

Overall in Ireland there are a high proportion of those in employment with a third level degree and the low level of labour market participation for women aged 35 and over, in particular such women without a third level education. Policies directed at enabling such women to participate in the labour market have the ability to increase Ireland’s economic potential.

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Permanent link | Categories: GenderJobsWages

Poverty, Wages and Violence

Posted on March 29, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

The publication – coincidentally – of two reports in Northern Ireland in the last week has drawn attention to the importance of wages in the Northern economy. While the reports received very extensive media coverage in the Northern media, there was very little in the South. This is regrettable as poverty, wages and community tensions constitute a triad with implications for long-term economic and social stability on the islands of Ireland and Britain. One report, entitled ‘Monitoring Poverty and Social Exclusion in Northern Ireland’, was published by the Joseph Rowntree Foundation (JRF) and drew attention to the extent of low income and the growth in poverty in Northern Ireland over the last 8 years. The other report, the NERI Quarterly Economic Observer (Spring 2014), focussed on the extent of low pay in the North. Both reports draw attention to the problem of low pay in the UK and Northern Ireland in particular. As the JRF report states: ‘Wages and hours matter, as does the distribution of work across households.’

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Permanent link | Categories: JobsNorthern Ireland Wages

1 in 4 Northern Ireland workers do not earn enough for a decent standard of living

Posted on March 24, 2014 by Paul Mac Flynn

The Nevin Economic Research Institutel published its latest Quarterly Economic Observer today Tuesday 25th March. In it, we examine the extent of low pay across Northern Ireland:

  • 25% of workers earn less than the 'Living Wage' (169,000).
  • 17% are officially classified as low paid (115,000) and 9% (61,000) earn only the National Minimum Wage or less.
  • Young people, women and those in part-time work are most at risk
  • Upper Bann, North Antrim, East L'Derry and Newry & Armagh are hotspots for low pay.
  • Low Pay is widespread in sectors such as Accommodation, Food, Retail, Residential and Social Care.

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Permanent link | Categories: InequalityJobsLiving wageNorthern Ireland Wages

A Budget for the few

Posted on March 19, 2014 by Paul Mac Flynn

Budget 2014 announced some interesting measures for pensioners and savers but overall the economic strategy remains as it was. Government fiscal policy remains committed to reductions in government expenditure extending to the end of the decade despite serious concerns over the sustainability of the current 'recovery'.

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Permanent link | Categories: Government SpendingInequalityInvestmentMacroeconomicsNorthern Ireland TaxationWages

Record current account surplus shows space for wage increases

Posted on March 13, 2014 by Rory O'Farrell

The latest GDP figures are disappointing (showing a contraction in 2013 of 0.3% due to both the 'patent cliff' and a stagnant domestic economy). However the current account surplus has reached a record high of 6.6% of GDP. For comparison, in 2012 Germany had a surplus of 7% and the Netherlands had the highest surplus of 7.7%.

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Permanent link | Categories: MacroeconomicsWages

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