Central Bank: 800,000 adults don't want a job

TheBigShort said:
That doesn't make any sense. Is there any body or group that actually advocates a race to the bottom? As for "lamenting" outsourcing to lower cost countries? Does nobody else "lament" the outsourcing of jobs?
Click to expand...
The term "race to the bottom" is a misnomer. It is really opposing those who have nothing getting the same chances and opportunities we have.
I don't lament the outsourcing of jobs. It is part of the evolution of our economy. It is better to gradually change over years than have that change forced upon us like a tsunami.
 
Purple said:
Which is it?
Click to expand...

If I want to build a business around minimum wage workers I can expect that business to provide an unreliable service. Not because the workers themselves are unreliable ( if I hire 18yr undergraduates of computer science to flip burgers on a Saturday night I should be prepared to accept a high staff turnover, shift swapping, etc. Not because they themselves are lazy or unreliable but because my business model is built around minimum wage) but because my business model is set up to have high staff turnover etc. This is an unreliable business model, this is disruptive.
Do you think the capital city's transport network should be modelled in this way, considering how easy it is to operate a tram?
 
TheBigShort said:
If I want to build a business around minimum wage workers I can expect that business to provide an unreliable service. Not because the workers themselves are unreliable ( if I hire 18yr undergraduates of computer science to flip burgers on a Saturday night I should be prepared to accept a high staff turnover, shift swapping, etc. Not because they themselves are lazy or unreliable but because my business model is built around minimum wage) but because my business model is set up to have high staff turnover etc. This is an unreliable business model, this is disruptive.
Click to expand...

If the "solution" is to pay people more than the minimum wage, can you see how this drives up wages?
 
TheBigShort said:
Oh great, you have gone globalist again. Did you know that pizza workers in the US and UK have gone on strike?
Click to expand...
That remind me, you still haven't answered this;
Purple said:
Good, so you agree that high wages can damage the economy or, more specifically, wage levels or wage increases which are not tied to an increase in productivity. Is that correct?
You do know that an organisation which pays wage levels in excess of the market rate but is no more productive than the average market rate is not productive, right?
You also know, I presume, that organisations in which their labour is less productive than the market average but pay the average market rates are also not productive?

This all comes down to costs within the economy. If the State sends more money than it should in one area then there is less money to spend where it is needed in another area. The socialist solution is to take more money from the productive wealth generating sectors of the economy. I'd rather see the waste reduced instead or perpetuating that cycle.
Click to expand...




TheBigShort said:
No it doesn't, you are making this stuff up.
Click to expand...
Okay, so they don't look for subsidies and protectionist tariffs? Is that right?
 
Purple said:
The term "race to the bottom" is a misnomer. It is really opposing those who have nothing getting the same chances and opportunities we have.
Click to expand...

No it is not. It is a term that exposes the devaluation of the chances and opportunities we have. It means that rather having an economic model that builds on and spreads prosperity, we instead have an economic model that will mean future generations will be worse off than we are. And if you don't believe me, just take a look at this website and all the complaining some people do about how much tax they pay, and how it isn't worthwhile anymore to earn €125,000 if you only get €75,000 into your hand.

Purple said:
I don't lament the outsourcing of jobs. It is part of the evolution of our economy. It is better to gradually change over years than have that change forced upon us like a tsunami.
Click to expand...

I didn't ask that. I asked if other bodies of groupings express regret when jobs are lost? The Government? Local community organisations? Other employers reliant on the trade? Business groupings like ISME, IBEC etc? Do none of these groupings ever "lament" the loss of jobs?
 
TheBigShort said:
No it is not. It is a term that exposes the devaluation of the chances and opportunities we have. It means that rather having an economic model that builds on and spreads prosperity, we instead have an economic model that will mean future generations will be worse off than we are.
Click to expand...
Instead of having an economic model which spreads prosperity the Trade Unions and other interest groups seek to maintain restrictive trade practices which means that the poorest in the world can't sell their products at a fair market price.
 
Firefly said:
If the "solution" is to pay people more than the minimum wage, can you see how this drives up wages?
Click to expand...

No it doesn't. Because if you provide a reliable efficient service, as opposed to an unreliable, inefficient service, then productivity increases. And in the case of LUAS they are exceeding their productivity targets. Which means, tens of thousands of other workers are arriving at their place of work in a timely and efficient manner. Which means a city like Dublin becomes an attractive place to invest. Which means jobs, well paid jobs, which means more income circulating in the economy than what would have been if we choose to have a crappy, unreliable transport service, in which case even the minimum wage will look expensive in the long-run.
 
TheBigShort said:
That's a classic. Motionless trams! :rolleyes:
Click to expand...
:D
Look up driverless Trains, driverless Trams and Driverless Buses. They'll be here soon!
I'm sure your mates will want the drivers kept on to do bugger all, just like the Dublin Bus drivers on the routes which are being outsourced.
 
Purple said:
Instead of having an economic model which spreads prosperity the Trade Unions and other interest groups seek to maintain restrictive trade practices which means that the poorest in the world can't sell their products at a fair market price.
Click to expand...

This is nonsense. Give me an example please.
 
If Polish workers had a comparative advantage in producing the Dell computers more cheaply then there was a net benefit to the world.

From my understanding of the Dell Limerick case, which no doubt is lazy and uninformed by comparison with your own, the Dell operation in Limerick was extremely well run and kept the work there longer than the economic fundamentals would indicate.

Of course the question is why did Polish workers have a comparative advantage. Is it because wages for computer assembles workers in Limerick are higher than Lodz. They need to be because transport workers, (and teachers, and nurses, and doctors everyone else in the protected sectors ) in Limerick earn massively more than in Lodz. So the assembly workers, working in an internationally trader sector, need to earn enough to support the protected sectors.
 
Purple said:
I'm sure you are familiar with the Insider-Outsider theory of employment.
Apply that globally rather than nationally.
Click to expand...

Yeah, familiar somewhat. I don't give it much store as I've never understood what it proposes to do to resolve the issues it highlights other than to make all employees to the status of outsiders.
We can't all be insiders, so the only obvious status the theory aspires is to make everyone as outsiders.
NotwithStanding the issues of a 'closed shop', reducing everyone to the level of outsider is a recipe for social unrest.
 
cremeegg said:
If Polish workers had a comparative advantage in producing the Dell computers more cheaply then there was a net benefit to the world.

From my understanding of the Dell Limerick case, which no doubt is lazy and uninformed by comparison with your own, the Dell operation in Limerick was extremely well run and kept the work there longer than the economic fundamentals would indicate.

Of course the question is why did Polish workers have a comparative advantage. Is it because wages for computer assembles workers in Limerick are higher than Lodz. They need to be because transport workers, (and teachers, and nurses, and doctors everyone else in the protected sectors ) in Limerick earn massively more than in Lodz. So the assembly workers, working in an internationally trader sector, need to earn enough to support the protected sectors.
Click to expand...

Yes all very good. But the point was made that trade unions trying to resist this type of outsourcing is a bad thing.
This is nonsense. ISME, IBEC, CIF, HIF, etc etc are equally as likely to lobby political reps to resist the outsourcing of jobs from Ireland.
 
You must log in or register to reply here.
Back
Top