Interesting article http://www.thepost.ie/post/pages/p/stor ... qqqx=1.asp
Migration issue will be crucial to productivity
squash this idea that its labour and sf who pro-immigration.However, in an increasingly complex world, something’s remain refreshingly simple. For example, when we cut through the jargon, the economic output of any country boils down to two factors - the number of people at work and the amount that they produce while they are on the job.
From this, it is reasonable to suggest that potential GDP (gross domestic product) growth ultimately depends on labour force growth and productivity growth.
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This reflects the fact that about two thirds of our recent population growth has been due to net migration, and migrants tend to be working-aged job seekers (82 per cent of PPS [personal public service] numbers allocated to foreign nationals last year went to people aged between 15 and 44).
This unusually high rate of labour force growth has been the enabling factor in another year of economic out-performance.



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