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Ireland and the Anti Crisis Measures

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  1. Ireland and the Anti Crisis Measures Presentation to Group 2 EESC 28 February 2012 Dr. Peter Rigney Irish Congress of Trade Unions

  2. Demand and Growth

  3. Unemployment • 2007 unemployment 4.5% • 2011 unemployment 14.2% • Participation rate men 67.7% women 52.6% • Long term unemployment • December 2010 35.5% • December 2011 41.6%

  4. Migration • Immigration post 2004- 7.4% of Irish population non Irish EU citizens • December 2011 Irish nationals account for 82.5% of unemployed people • 2011 out migration • UK 16130 • Canada 7500 ( est) • Australia 7421 • USA 17750

  5. Poverty At risk of poverty 2009 14.1% 2010 15.8% In 2010 if all social transfers were excluded the at risk of poverty rate would be 51.0%, compared to 39.8% in 2004. This shows increasing dependence of individuals on social transfers to remain above the at risk of poverty threshold. 2009 deprivation rate 17% 2010 deprivation rate 23% This increase was largely attributable to an increase in the deprivation rate, of those NOT at risk of poverty, from 13.7% in 2009 to 19.3% in 2010 while there was no significant change in the deprivation rate for those at risk of poverty. Consistent poverty rate 6.2% in 2010, no significant change on 2009

  6. Income • Minimum wage €8.65 per hours • 3.1% of employed labour force on minimum wage • Public service cut • 5% first 30,000 7.5% next 40,000 10% cut next 55,000 • Average hourly earnings • Q1 2008 €21.54 Q3 2011 €21.64