IBEC: Recovery dependent on pay cuts

[SilverSpurs]

Surprise surprise IBEC say pay has to be cut to avoid blowing the emerging "improvement". No chance that shareholders or investors might take a cut? Of course not the ordinary joe soap has to. Seriously the cosy relationship between the government and the "social partners" is not healthy for a democracy.

Irish economy improving, says Ibec - The Irish Times - Mon, Mar 15, 2010

[johnfás]

Shareholders and investors?

Most jobs in Ireland are provided by small businesses. Small businesses do not have vast arrays of investors and shareholders. They have the one bloke who owns the business, the one who in many cases hasn't paid himself properly in over a year in an attempt to keep the company above water and his staff in a job.

Your argument is deluded by the notion of most jobs being provided by large institutions like the banks. Irrespective of whether or not paycuts should be implemented - and there are arguments for and against - your argument certainly isn't a good one.

[Sailor]

Surprise surprise IBEC say pay has to be cut to avoid blowing the emerging "improvement". No chance that shareholders or investors might take a cut? Of course not the ordinary joe soap has to. Seriously the cosy relationship between the government and the "social partners" is not healthy for a democracy.

Irish economy improving, says Ibec - The Irish Times - Mon, Mar 15, 2010

Are we competitive? If not, is part of the reason high pay costs? If so, what should we do to become competitive? Never mind what IBEC say, what's your response?

[Nugget]

IBEC can kiss my trade union arse.

[Catalpa]

Would €1.39 a hour sound about right?

[PrinceMax]

Can someone explain one thing to me. The govt says we have to reduce wages to be competitive, but when questioned about things like consultants' pay or bankers' pay, they maintain it has to be kept high to attract talent. Which is it? Are we looking to be competitive or attract talent?

[CookieMonster]

Surprise surprise IBEC say pay has to be cut to avoid blowing the emerging "improvement". No chance that shareholders or investors might take a cut? Of course not the ordinary joe soap has to. Seriously the cosy relationship between the government and the "social partners" is not healthy for a democracy.

Irish economy improving, says Ibec - The Irish Times - Mon, Mar 15, 2010

Buh?

[H.R. Haldeman]

They're dead right. Wages need to go down. As does the price of Corn Flakes, accountant's fees, house prices, Big Macs and sofas. We need €10 salaries buying 10 widgets at €1 each rather than €20 salaries buying 20 widgets at €2 each. Same difference with a marginally worse quality of life, which is perfectly fine for a windy, rainy shi1-hole island full of drunks, crooks, chancers and spivs. New York, London, Paris, Munich. We need to get over ourselves.

[Nugget]

They're dead right. Wages need to go down. As does the price of Corn Flakes, accountant's fees, house prices, Big Macs and sofas. We need €10 salaries buying 10 widgets at €1 each rather than €20 salaries buying 20 widgets at €2 each. Same difference with a marginally worse quality of life, which is perfectly fine for a windy, rainy shi1-hole island full of drunks, crooks, chancers and spivs. New York, London, Paris, Munich. We need to get over ourselves.

I take it you don't have a mortgage?

[CookieMonster]

We need €10 salaries buying 10 widgets at €1 each rather than €20 salaries buying 20 widgets at €2 each.

I think 400,000 €10 salaries buying 10 widgets at €1 is better than no €20 salaries buying no widgets at €2 each.