http://www.irisheconomy.ie/index.php/2009/10/19/debate-on-wage-cuts/ Mon, 21 May 2012 22:21:22 +0000 http://wordpress.org/?v=2.6.3 http://www.irisheconomy.ie/index.php/2009/10/19/debate-on-wage-cuts/#comment-21512 Liam Delaney Tue, 20 Oct 2009 11:57:23 +0000 http://www.irisheconomy.ie/?p=4407#comment-21512 Students certainly need to start getting involved in this. I think NAMA is so hard to understand and potentially boring to a general audience (though some of the other threads show how it can become interesting pretty quickly) so a lot of debating societies have steered clear of it. There are groups like INOU who represent the unemployed but in general such groups abhor the idea of changing minimum wages or reducing public sector pay (at the mid to low end particularly). Thus, other than employers there isn't really a strong presence proposing devaluation outside of academia and to be honest it is hard to take a patriotic call to reduce wages fully seriously when it comes from an employers group. At current trajectory, today's students wont get into the labour market until much later, will pay far higher taxes and will receive far lower wages. We call this in economics an intergenerational transfer. Sounds better than "ripping off the young". Students certainly need to start getting involved in this. I think NAMA is so hard to understand and potentially boring to a general audience (though some of the other threads show how it can become interesting pretty quickly) so a lot of debating societies have steered clear of it. There are groups like INOU who represent the unemployed but in general such groups abhor the idea of changing minimum wages or reducing public sector pay (at the mid to low end particularly). Thus, other than employers there isn’t really a strong presence proposing devaluation outside of academia and to be honest it is hard to take a patriotic call to reduce wages fully seriously when it comes from an employers group. At current trajectory, today’s students wont get into the labour market until much later, will pay far higher taxes and will receive far lower wages. We call this in economics an intergenerational transfer. Sounds better than “ripping off the young”.

]]> http://www.irisheconomy.ie/index.php/2009/10/19/debate-on-wage-cuts/#comment-21433 Al Mon, 19 Oct 2009 22:48:16 +0000 http://www.irisheconomy.ie/?p=4407#comment-21433 Agreed There is a laziness in rounding up the usual suspects for a barney. Perhaps Philips idea can be taken up. Al Agreed
There is a laziness in rounding up the usual suspects for a barney.
Perhaps Philips idea can be taken up.
Al

]]> http://www.irisheconomy.ie/index.php/2009/10/19/debate-on-wage-cuts/#comment-21221 karl deeter Mon, 19 Oct 2009 11:05:26 +0000 http://www.irisheconomy.ie/?p=4407#comment-21221 +1 philip lane: brilliant suggestion +1 philip lane: brilliant suggestion

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