There may be an element of chicken and egg here, but posters here continually use our high cost of living as a reason for high public sector salaries, social welfare, minimum wage, poverty, etc.
Over 5 years the level of private spending has reduced dramatically, and at the start it looked as if prices were falling broadly in line, but this was short-lived and except for property most other costs stabilised and even rose over the past 4 years.
I heard an analysts for the motor industry refer to Ireland as Treasure Island last week because of the margins here, and I know the large foreign multiples had to suppress reporting on profit and margins from Ireland for fear that it would bring too much attention to the fact that we were being fleeced.
Does anyone know why the cost of living remains stubbornly high in Ireland, despite 5 years of recession and more importantly, is there anything we or the government can do about it?
Until our cost of living reduces we will neither be competitive globally or be able to make significant reductions to public costs, so it would seem to be a real priority for the government, but one that doesn't get much attention.