A lot of talk on this website and all over the country about the state of the country, the massive hole in the public finances and the unemployment crisis and the debt burden which has now reached 118% of GDP. The standardized unemployment rate fell to 14.6% last month due to people leaving the labour force and outward migration heavily concentrated in the 24-35 year old demographic. It is clear we need growth to enhance debt sustainability and central to growth is job creation. Have you any ideas for jobs creation that the Government could consider implementing or including in the action plan for jobs?
SME's constitute 70% of private sector employment in this country. Supporting SME's needs to be the central part of any jobs plan as multinationals are quite capital intensive and public sector will be downsized in years ahead. One idea I have is for the Government to consider setting up a Youth Entrepreneurship Fund to encourage young entrepreneur's establishing their own enterprises. Social welfare entitlement for those who try but fail also needs to be looked at, I am aware it is under review but changing incentives to encourage people to set up SME's is key. Maybe a PRSI tax holiday for one year for every new job created could also be considered in labour intensive sectors.
Just wondering if anyone here has any ideas as I would love to hear them and think we should consider having a debate on this. Any idea no matter how small could make a difference.