Debate on Wage Cuts

The Irish Times features a debate on wage cuts between representatives of IBEC and ICTU: you can find it here.

It is open to question whether framing the policy issue as involving adversarial conflict between employers and workers is especially useful. Rather, it involves primarily a trade-off between lower current average incomes for higher future average incomes.  If the ‘debate’ format is to be followed, a more interesting lineup might be to include a representative of those not currently working (today’s unemployed, emigrants, students and others not participating in the labour force).