Better Late Than Never

25 July, 2009

Salary The Irish Times reports on remarks made by Minister of State for Labour Affairs, Dara Calleary that suggest a willingness to let firms plead ‘inability to pay’ the minimum wage. Minister for Finance, Brian Lenihan also indicated that such measures may be considered if it becomes clear that it is a barrier to job creation.

Back in April, some arguments for reducing the minimum wage in Ireland were considered here. The debate has taken on new urgency in light of budgetary conditions, as the state is desperate to keep people in jobs and off the dole. Although long overdue, their proposal is far from perfect.

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Lies, Damned Lies and Inequality

21 May, 2009

The Department of Economics in Trinity College, the Institute for International Integration Studies (IIIS) and the Dublin Economics Workshop today jointly hosted a conference entitled “Irish Economic Policy for the Crisis: What Next?“. Over the next few posts, I’ll be discussing the ideas posited by the many and distinguished speakers, both in the context of Ireland and more generally.

Firstly, Brian Nolan of UCD discussed inequality in Ireland. He mentioned several standard indicators of inequality. In Ireland’s case, these statistics have exhibited stability over time. Thus, he concludes that inequality has neither increased nor decreased dramatically over the last several years. The truth can sometimes be concealed by statistics.

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