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  1. #21
    General Urko General Urko is offline
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    Quote Originally Posted by Sync View Post
    Over 5 years? Increased activity based here that used to be based in the UK, an increasingly skilled workforce (5 years of trained college students displacing 5 years of retirees). You list things like energy prices, QE etc, but many of the multinationals in Ireland that employ tens of thousands (Microsoft, Google, Pfizer etc) aren't overly impacted by that.

    That said, you bank on a recession about once every 15 years, so you've got that to look forward to at the end of the 5 year term.

    The stuff that's going to be a real problem for the country won't really bite over 5 years. The HSE is massively underfunded looking at the increasing numbers of aged it has to manage, there's nowhere for those old people to actually live and the looming Japanesque social security problems will all only really start to impact in 15-20 years.
    A recession every 15 years, I think even by Irish Standards, that's a very long time between downturns!
    Increased economic activity here because of Brexit, sure it is at least as likely that local businesses here who have their main market in The UK will up sticks and leave!
    And CPT rule changes?
    I guarantee you that the standout reason the vast majority of multinationals are here is because thay don't have to pay any tax!
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  2. #22
    General Urko General Urko is offline
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    Quote Originally Posted by mr_anderson View Post
    Is your masters in greek and roman civilization or biblical studies ?
    I told you, I don't have one!
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  3. #23
    robut robut is offline

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    Irish households have never been wealthier, says Ibec

    The Irish economy has moved beyond the recovery phase and into a period of “strong and sustainable growth” with expansion forecast to reach 4.2 per cent in 2018, according to the employers’ group, Ibec.
    Faab ... ulll ... usssss
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  4. #24
    RasherHash RasherHash is offline
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    Quote Originally Posted by General Urko View Post
    Keep The Recovery Going!

    The good folks at IBEC, the employers' Organization, are now telling us, we (you and me) have never had it so good, we are firmly over the hump and it is set to continue into the future even taking considering winds such as Brexit!

    Well it probably has never been better fro employers, they can pick and choose from a labour market of 500 Million!

    https://www.irishtimes.com/business/...ibec-1.3347636

    https://www.rte.ie/news/business/201...nomic-outlook/

    and especially if you are in construction -

    https://www.irishexaminer.com/breaki...20-821644.html


    I find this difficult to reconcile for regular working class folk as e.g. the traditional half decent employers in this area were multinationals, now they have well cottoned on to the fact that if you 'employ' people through agencies, you can get away with virtually anything!

    Also can anybody tell me which of our currently positive economic indickators, we can reasonably speculate will be positive in 5 years time. I cannot think of a single one!
    There are many which cannot only go in the other direction - energy prices, QE and interest rates and inflation!
    We were at this stage in the last 'boom', Bertie was calling himself a socialist and telling anyone who gainsaid his 'economic miracle' they should hang themselves.
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  5. #25
    General Urko General Urko is offline
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    Quote Originally Posted by RasherHash View Post
    We were at this stage in the last 'boom', Bertie was calling himself a socialist and telling anyone who gainsaid his 'economic miracle' they should hang themselves.
    In fairness IBEC have not made that obscene comment and even though it's still a mirage, the optimism has slightly more substance to it!
    And this time it really, really really will be different because when it all goes belly up and the vulture capitalists come with their begging bowls and are given what they want to bail them out by their mates, there will be a well deserved quite strong reaction to it and it will be a game changer, because it will have to be!
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  6. #26
    General Urko General Urko is offline
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    Quote Originally Posted by robut View Post
    Yes, as always and ever for the great and the good!
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  7. #27
    robut robut is offline

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    Quote Originally Posted by General Urko View Post
    Yes, as always and ever for the great and the good!
    My post Said with a wry smile General
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  8. #28
    robut robut is offline

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    'More sustainable than the boom': Business group hails Ireland's 'exceptional' economy

    From the comments section:

    Salaries must have gone up in a big way, because I can’t fathom how some one could pay 250-300k for a grey house in a grey Irish town. Also add insane car insurance, road tax etc. Plus healthcare, bank charges etc etc.

    REPLY:

    Yes Irish salaries are more than 50% higher than in France and about 25-30% higher than the UK.

    REPLY:

    About??? Can you provide a reputable link to back up that claim?
    surely salary differences from country to country also have to take into account COST OF LIVING in each of these countries also. Salary differences on there own are not of much use??
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  9. #29
    General Urko General Urko is offline
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    Salaries for the grabbing managerial class, some higher level public servants and some in demand professions and jobs, may have gone up quite a bit, but everyone else has barely caught up to the level they were before the bust, that have being used as an excuse to absolutely destroy their wages!
    I see the figure of €45K is being touted as being the new average industrial wage, not where I live, it's not!
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  10. #30
    robut robut is offline

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    Quote Originally Posted by General Urko View Post
    Salaries for the grabbing managerial class, some higher level public servants and some in demand professions and jobs, may have gone up quite a bit, but everyone else has barely caught up to the level they were before the bust, that have being used as an excuse to absolutely destroy their wages!
    I see the figure of €45K is being touted as being the new average industrial wage, not where I live, it's not!
    Same here.

    And if the particular salaries you mention are indeed rising quiet a bit then this does skew the average toward the higher side does it not?

    Ah shur General .. at least now the fundamentals are sound
    Last edited by robut; 8th January 2018 at 03:11 PM.
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