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Good news: NI full time annual earnings up 4.2% compared to 1.4% in UK


factual

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BBC News - Northern Ireland pay rises by 1.6%, survey says

The median gross annual earnings for full-time employees in NI grew by 4.2% to £24,011 in 2012.
This compared to 1.4% growth in the UK to £26,462.
Good news. It shows that the level of pay is growing north of the border. This is an important part of a growth process. Higher paid jobs are better more productive jobs!

It is important that Northern Ireland economy develop in this way, as it means people are more productive and therefore the economy is stronger.

One in the eye for dissidents, this shows that the work of the coalition government north of the border, established under the GFA, is delivering. Much more to do, no room for complacency, but credit where credit is due.
 


between the bridges

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FFS don't tell arty!!
 

Legolas

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Serious? I've just read a thread which claims our only way forward is joining up with the Republic of Eire...... confused :oops:
 

InsideImDancing

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ArtyisBack

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I am not controlled by Connolly House. Indeed it is good news that wages are increasing. It is better news if it is supported by an economy which can sustain these rises. Which is the devil in the detail.

As Arlene rightly said
Whilst this is encouraging it is recognised that in order to reduce further the pay gap that exists between Northern Ireland and the UK, as well as promoting economic recovery, the private sector requires more highly paid jobs
And as we have seen today those jobs are going elsewhere and are being replaced, ( if even that), by low level retail drudgery.

If we look at the private sector we see that For full-time NI employees, median weekly
earnings in the public sector were 44.9% higher than in the private sector at April 2012,
and this was true for both men (41.4% higher) and women (71.8% higher). These are startling figures and show the level of public sector wages shoring up the economy. These public sector wages are under pressure from Westminster.


When we look at the sustainability of these rises we get another wake up call. The latest from the Index of Production for the second quarter of 2012 showed that output in NI fell over the quarter (-5.0%), while output in the UK as a whole decreased by 0.7%. That is a very significant contraction. In the last four quarters there have been two quarterly increases and two quarterly decreases in output. The NI index remains some 12.9% below the peak recorded in Q2 2008 (120.1). So it looks as if they are paying slightly more for significantly less. That is not sustainable.

So we can see that the rise in N.Ireland earnings are largely due to big increases in public sector pay. In turn this influenced by timing of pay awards. Again we see that the economy is not being driven forward by manufacturing or by exportable services.

Then is we look at the RPI and we see that inflation is 3.5%. If you are in the private sector with an increase in wages of a mere 0.5% that is quite a cut in real terms.

The sad fact is that this is actually bad news all round.
 

Ex celt

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This is great news for our wee country and comes on the back of the G8 announcement,Rory's golfing success and our boxers' performance in the olympics.We are certainly punching above our weight.
 

Mickeymac

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This is great news for our wee country and comes on the back of the G8 announcement,Rory's golfing success and our boxers' performance in the olympics.We are certainly punching above our weight.


You are one hellofa funny guy at times pal.:lol::lol::lol:
 

ArtyisBack

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This is great news for our wee country and comes on the back of the G8 announcement,Rory's golfing success and our boxers' performance in the olympics.We are certainly punching above our weight.
How are wage cuts, job losses and inflation good news?
 

Ex celt

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How are wage cuts, job losses and inflation good news?
All these things are relative but NI is part of the 5th biggest economy in the world and is an economic nirvana when compared against eire which is a terminally ill basket case.
 

ArtyisBack

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All these things are relative but NI is part of the 5th biggest economy in the world and is an economic nirvana when compared against eire which is a terminally ill basket case.
It is far from an economic nirvana,it is comparable to a eastern european communist state of the sixties. It has an awful standard of living compared to the south. It is an absolute economic disgrace.
 

Mickeymac

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All these things are relative but NI is part of the 5th biggest economy in the world and is an economic nirvana when compared against eire which is a terminally ill basket case.


As I said earlier, you really are one hellofa funny guy pal.
 

Ex celt

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It is far from an economic nirvana,it is comparable to a eastern european communist state of the sixties. It has an awful standard of living compared to the south. It is an absolute economic disgrace.
We have a sophisticated economy manufacturing aircraft,hardware,software and windmills.Our roads,telecommunications,broadband and street lighting leave eire in the shade.I am sorry that I have to tell you this.
 

factual

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All these things are relative but NI is part of the 5th biggest economy in the world and is an economic nirvana when compared against eire which is a terminally ill basket case.
Hi

The point here is that, as this data covers all employees, the average and median wages are highly informative of what is going on in aggregate. That median wages should go up 4%, faster than the rate in the UK, is a sign that the workforce is up-skilling. This is not an isolated outcome for this year only: this positive trend has been developing for a number of years.
 

ArtyisBack

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We have a sophisticated economy manufacturing aircraft,hardware,software and windmills.Our roads,telecommunications,broadband and street lighting leave eire in the shade.I am sorry that I have to tell you this.
The economy is far from sophisticated. It is still top heavy with the manufacturing that is vulnerable to job losses, FG Wilsons and Thales underline this.

Can you provide comparative analysis of the services you allege are better in the north than the south or did you make that up yourself?
 

Ex celt

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The economy is far from sophisticated. It is still top heavy with the manufacturing that is vulnerable to job losses, FG Wilsons and Thales underline this.

Can you provide comparative analysis of the services you allege are better in the north than the south or did you make that up yourself?
NI Tayto cheese and onion for one.
 

factual

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The economy in NI is not top heavy with manufacturing, if anything the reverse. There is too much public sector and retail oriented not enough private sector export oriented.
 

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