IBEC Tells Us We Have Never Had It So Good

General Urko

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Keep The Recovery Going!

The good folks at IBEC, the employers' Organization, are now telling us, we (you and me) have never had it so good, we are firmly over the hump and it is set to continue into the future even taking considering winds such as Brexit!

Well it probably has never been better fro employers, they can pick and choose from a labour market of 500 Million!

https://www.irishtimes.com/business/economy/irish-households-have-never-been-wealthier-says-ibec-1.3347636

https://www.rte.ie/news/business/2018/0108/931691-ibec-economic-outlook/

and especially if you are in construction -

https://www.irishexaminer.com/breakingnews/business/ibec-80000-construction-jobs-needed-by-2020-821644.html


I find this difficult to reconcile for regular working class folk as e.g. the traditional half decent employers in this area were multinationals, now they have well cottoned on to the fact that if you 'employ' people through agencies, you can get away with virtually anything!

Also can anybody tell me which of our currently positive economic indickators, we can reasonably speculate will be positive in 5 years time. I cannot think of a single one!
There are many which cannot only go in the other direction - energy prices, QE and interest rates and inflation!
 


Analyzer

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This means - they do not want to allow wages to catch up on the inflation that is being printed by the ECB, as we speak, to prop up the rich, and undermine the working people.
 

Notachipanoaktree

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Keep The Recovery Going!

The good folks at IBEC, the employers' Organization, are now telling us, we (you and me) have never had it so good, we are firmly over the hump and it is set to continue into the future even taking considering winds such as Brexit!

Well it probably has never been better fro employers, they can pick and choose from a labour market of 500 Million!

https://www.irishtimes.com/business/economy/irish-households-have-never-been-wealthier-says-ibec-1.3347636

https://www.rte.ie/news/business/2018/0108/931691-ibec-economic-outlook/

and especially if you are in construction -

https://www.irishexaminer.com/breakingnews/business/ibec-80000-construction-jobs-needed-by-2020-821644.html


I find this difficult to reconcile for regular working class folk as e.g. the traditional half decent employers in this area were multinationals, now they have well cottoned on to the fact that if you 'employ' people through agencies, you can get away with virtually anything!

Also can anybody tell me which of our currently positive economic indickators, we can reasonably speculate will be positive in 5 years time. I cannot think of a single one!
There are many which cannot only go in the other direction - energy prices, QE and interest rates and inflation!
Wow, Masters, Bachelors, Diplomas, Certificates, high IQ's. I must say, we never noticed. Must be something to do with the untouchable stench. i.e. No P&CS connections, and not from Cork, eh?
 

Analyzer

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IBEC - with anchor tenants like AIB and BoI, alongside the likes of Arter ( a legal drug pusher ) and Dinnymedia.

I really don't care what propaganda they pump out.
 

General Urko

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Wow, Masters, Bachelors, Diplomas, Certificates. I must say, we never noticed. Must be something to do with the untouchable stench. i.e. No P&CS connections, and not from Cork, eh?
I don't have a Masters and I'm an Urban Galwegian, Thank God!
I adopt a policy of changing my underwear and socks daily, so the whiff must have died down a bit and despite having 2 uncles who are millionaires, one from each side, from their work abroad, it has done me absolutely zero good!
 

General Urko

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it'd be great if the cost of housing halved.
That's the elephant in the bedrom. if the supply of housing, especially with social housing ever catches up to demand then, FFG supporters will be mouthing and whinging that they are in negative equity!
 

Analyzer

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The ECB has been printing money since the Italian banks got into trouble.

Welcome to corporatism - the dominant ideology of the EU.

Socialism for the rich - competition, and control, for the rest.
 

hammer

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The overall value of household assets - mainly homes and property - was higher during the boom, but that was cancelled out by the debt levels, according to the report, while household savings are €16.5bn higher than in 2007.


€16.5 BILLION higher.

Nasty Blueshirts.
 

General Urko

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The ECB has been printing money since the Italian banks got into trouble.

Welcome to corporatism - the dominant ideology of the EU.

Socialism for the rich - competition, and control, for the rest.
Yes to big to fail, Italy and France and to an extent Spain were obviously always going to be treated differently from the little guyz!
 

Skin the Goat

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Amazing how much time some taxpayers have to post on P.IE if you ask me :)
 

Bea C

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I don't have a Masters and I'm an Urban Galwegian, Thank God!
I adopt a policy of changing my underwear and socks daily, so the whiff must have died down a bit and despite having 2 uncles who are millionaires, one from each side, from their work abroad, it has done me absolutely zero good!
Got their phone numbers?

 

General Urko

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The overall value of household assets - mainly homes and property - was higher during the boom, but that was cancelled out by the debt levels, according to the report, while household savings are €16.5bn higher than in 2007.


€16.5 BILLION higher.

Nasty Blueshirts.
People are afraid to spend or forced to come up with absurd deposits (rent not being factored in) before applying for a mortgage!
 

Sync

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Also can anybody tell me which of our currently positive economic indickators, we can reasonably speculate will be positive in 5 years time. I cannot think of a single one!
There are many which cannot only go in the other direction - energy prices, QE and interest rates and inflation!
Over 5 years? Increased activity based here that used to be based in the UK, an increasingly skilled workforce (5 years of trained college students displacing 5 years of retirees). You list things like energy prices, QE etc, but many of the multinationals in Ireland that employ tens of thousands (Microsoft, Google, Pfizer etc) aren't overly impacted by that.

That said, you bank on a recession about once every 15 years, so you've got that to look forward to at the end of the 5 year term.

The stuff that's going to be a real problem for the country won't really bite over 5 years. The HSE is massively underfunded looking at the increasing numbers of aged it has to manage, there's nowhere for those old people to actually live and the looming Japanesque social security problems will all only really start to impact in 15-20 years.
 

macs magic

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Once the orange man in America gets turfed out the market will dive and we'll be even more fooked than last time
 

mr_anderson

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I don't have a Masters and I'm an Urban Galwegian, Thank God!
I adopt a policy of changing my underwear and socks daily, so the whiff must have died down a bit and despite having 2 uncles who are millionaires, one from each side, from their work abroad, it has done me absolutely zero good!

Is your masters in greek and roman civilization or biblical studies ?
 


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