All wages will have to be cut-private sector-15%,public sector-25%,govt ministers-35%

[hammer]

Say YES to Lisburn this Xmas.

[hammer]

FF don`t care about job losses.

They have said many many times that it improves Ireland`s competitiveness to have people unemployed. It brings real wages down.

If they took job losses seriously would they have Mary Coughlan in Enterprise ?

[SamVimesBoots]

People in the South think they are better off with high wages, it's ludricous. We are losing so many jobs because wages and the cost of living is so high. British tourists can no longer afford to visit the South. How many tourist jobs are we losing as a result of this? We have to cut our cost base pretty rapidly. We should have a quick, sharp deflationary shock! The big problem with a quick deflationary shock is the high mortgage debt we have. Some people have huge mortgages which they will never be able to pay off.

Yeah but those mortgages are owed to corrupt and reckless and insolvent institutions.

Crash the system, sez I. Purge the waste in the public sector, war on cartels and cosy little scams in every industry, force the property market to crash properly instead of wasting billions trying to prop it up, slash the cost of living then slash wages....and yeah this means huge numbers of bubble-era mortgages will be exposed as the lunacy they always were and they'll have to be defaulted on which will finally collapse our zombie banks (so remember to unilaterally rescind the criminal Guarantee first). And lots of existing Irish companies will also collapse, being loaded up on debt and in ridiculous uncompetitive arrangements with their cartel buddies: clean 'em out, clean 'em all out and let new entrants do the job properly. Then we can get clean banks in to service the new wave of indiginous SMEs creating sustainable jobs in the new low-cost economy.

It is doable and we could be out the other side of that transition within 18 months and getting back to employment and growth again - but in a more balanced and sustainable way this time.

The alternative is decades of grinding poverty.

[hammer]

"It is doable and we could be out the other side of that transition within 18 months and getting back to employment and growth again - but in a more balanced and sustainable way this time."

Not a chance unless we all cut back wages by 30% + all other business inputs like rent, rates, insurance, waste, electricity, healthcare, car insurance, home insurance etc. fall by 30% - NOT A CHANCE.

The cost of most of the business inputs are rising

[SamVimesBoots]

Not a chance unless we all cut back wages by 30% + all other business inputs like rent, rates, insurance, waste, electricity, healthcare, car insurance, home insurance etc. fall by 30% - NOT A CHANCE.

The cost of most of the business inputs are rising

Every single cost you mention is riddled with cartels, closed shops, restrictive and uncompetitive practices, artificially inflated prices. Every single one. And plenty more besides.

They can be reduced by 30%. They must be reduced by 30%. They will be reduced by 30% - one way or another.

You can have those costs reduced quickly by grabbing the issue by the balls, confronting it and forcing a pace of your own choosing......or you can allow FF to waste countless billions for decades to come trying to prop up all their little high-cost arrangments for all their little friends, but the costs will reduce slowly anyway because hell that's just the nature of reality Dorothy....but it might take 20 years for the rebalancing to occur and for reality to sink into the concrete skulls of the commercially-illiterate Irish elite, and in the interim every single one of you will either be on the dole or on the boat.

[Cassandra Syndrome]

I'm not sure that people have understood the implications of the price differences between the North & the South. Wages in the North are now 40-50% cheaper than the South. If the Irish pound was still in existence, the currency would have been devalued by 25% last week.

I was in the North last week and the price difference between here is unbelievable, many products are 2 to 3 times cheaper. I already see recruitment agencies recruiting for staff in the South at lower wages, e.g Receptionist €20k. This is all going to lead to downward pressure on wages in the private sector. If wages in the public sector are not cut by more, it is going to lead to an increasing wage gap between the private sector and public sector.

If wages are not cut, we are going to see a major leakage of jobs from the South to the North in all sectors.If Ireland was a company, the M.D would be telling the employees that because we can't cut the value of our currency, we have to cut the value of wages instead. However, that level of public sector wage cuts would be nearly impossible for the Government to implement. They would have to end the rip-offs that are currently going in several sectors, including their very own rip-off- Dail Eireann

Debt deflation spiral? Wage cuts lead to less consumption, less production (whatevers left of it) more unemployment.

[hammer]

Every single cost you mention is riddled with cartels, closed shops, restrictive and uncompetitive practices, artificially inflated prices. Every single one. And plenty more besides.

They can be reduced by 30%. They must be reduced by 30%. They will be reduced by 30% - one way or another.

You can have those costs reduced quickly by grabbing the issue by the balls, confronting it and forcing a pace of your own choosing......or you can allow FF to waste countless billions for decades to come trying to prop up all their little high-cost arrangments for all their little friends, but the costs will reduce slowly anyway because hell that's just the nature of reality Dorothy....but it might take 20 years for the rebalancing to occur and for reality to sink into the concrete skulls of the commercially-illiterate Irish elite, and in the interim every single one of you will either be on the dole or on the boat.

I for one will be voting for you in the next local or general election

[toughbutfair]

If the government cuts pay to those paid by it, there is less money out there, shops reduce prices so have to cut wages so those in the private sector end up getting a pay cut determined by market forces NOT the government.

If somebody works in a profitable company (e.g. pharma co) then a pay cut will just increase the company profits. Privates sector pay adjusts according to the market, only government pay (e.g. P.S) should be determined by government.

Nixon tried price controls in the early 1970s which were popular in the short term but then a disaster.