There is lots of talk about increasing competitiveness etc at the moment. The government is still spinning the same nonsense about “The Knowledge Economy” as if it is a magic wand that can sort out all of our problems. We need to get the stuff inside the box right before we can start thinking outside it. The bottom line is that as a nation we all get paid too much. The public sector get paid more than the state can afford to pay them and the private sector get paid more than it sustainable to make them competitive in an open international market.
We aren’t just way out of kilter with Poland and China, we are way out of kilter with the UK and Germany. As an example I got an email from a recruitment company today offering candidates for jobs here and in Northern Ireland. Accountancy Technicians here are looking for €26k-€28k a year. The same sort of people are looking for £12k-£14k per year in the North.
Forget about everything else when it comes to competitiveness; we need to cut wages significantly right across the country. There are, of course, exceptions, but on a macro level it is our biggest problem.
We aren’t just way out of kilter with Poland and China, we are way out of kilter with the UK and Germany. As an example I got an email from a recruitment company today offering candidates for jobs here and in Northern Ireland. Accountancy Technicians here are looking for €26k-€28k a year. The same sort of people are looking for £12k-£14k per year in the North.
Forget about everything else when it comes to competitiveness; we need to cut wages significantly right across the country. There are, of course, exceptions, but on a macro level it is our biggest problem.