Wage was reflection of the bubble economy, says leading economist
Martin Frawley
Publication date:
15 May 2009
Ireland’s minimum wage of €8.65 per hour is too high and needs to be cut, a senior economist said at the CIPD Ireland annual conference this week.“The current minimum wage was a reflection of the essence of the bubble economy which inflated the values of goods, property and labour,” Jim O’Leary, economist at Maynooth university, told the conference in Dublin.
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