Review of Housing Costs

Increasing costs of rent are hindering workers from benefiting from increases in wages due to the growth of economy and reaching full employment. The number of people who work are reaching record highs because of the booming economy. However, growth in wages cannot keep up with skyrocketing increases in homes.

The average cost of housing is increasing at a rate twice that of average earnings throughout the country. Rent has increased by 8% in 2018. The average wage increased by just over 3%.

According to the Center Statistics Office, the unemployment rate as of the second of July, 2019  is 4.5%. Although this is a relatively low percentage of unemployment other problems exist such as joblessness, skill shortages and low levels of employed women.

Modest official inflation figures are being questioned by various economists to determine if the figures are truly representative of what is actually occurring as increasing demands for greater pay is contributing to more pressure on workers.

In response to heightening housing prices, there have been many actions for the “living wage” to be heightened by an additional …

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Ireland affordability from a US student standpoint: Restaurant wages

Working in a restaurant can be an extremely exhausting job, especially when there are requests from a multitude of customers flying at you all at once. Luckily, the staffs ability to fulfill these requests timely and politely pays off in the form of monetary compensation; this is usually a successful motivational tool.

In recent months, there have been reports that many restaurants across the city of Dublin and far beyond have been unclear with customers about how their tips are being charged and where that extra cash ends up. For the most part, people assume that a server who provides exceptional service will receive the entirety of the tip that you leave for them. Many times, that assumption is wrong.

The Minister for Employment Affairs and Social Protection Regina Doherty has picked up on this issue, promising workers in this industry that there will be changes to the tipping system. These changes are aimed to make businesses more transparent about how this optional part of the bill is split up within the company.

As a customer, getting information …

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Deflation, the low paid, and expansion of the tax base

Here are some statistics (taken from the SBP) showing that contrary to assertions that the ‘rich don’t pay enough tax’ that in fact they pay more than anybody else. Half of all tax income is paid by the top 6.5% of workers. So about 1/15th contribute 50%. One third of all tax collected comes from the top 2.5% of workers, thus 1/40th are paying 33%. It means that things such as the new 2% levy are merely punishing those who already contribute the most! I wrote about this before when talking about the Laffer Curve and how Ireland may be driving high earners out of its jurisdiction.

Sources have said that the Irish tax base is too dependent on a small number of people, so what would happen if we were to drive them out? The implications are severe.

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