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This paper, presented by Jack O'Connor, General President of SIPTU at the ICTU Economic Conference in April 2008, analyzes the role of Irish trade unions in a globalized world. It examines labor cost growth rates, productivity levels, government spending as a percentage of GDP, and adherence to SGP guidelines. The data from Eurostat and OECD provide insights into how Irish trade unions navigate the challenges of globalization. This comprehensive study sheds light on the strategies adopted by Irish trade unions to lead by example in a rapidly changing economic landscape.
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Irish Trade Unions in a Globalised World Jack O’ Connor General President SIPTU ICTU Economic Conference April 2008
Irish Trade Unions in a Globalised World Jack O’ Connor General President SIPTU ICTU Economic Conference April 2008
Labour Cost Growth- growth rates (2000- 2007 Q2) and levels compared (2007 Q2, € per hour) Source: Eurostat Labour Market Statistics
The Competition:labour cost rates and labour cost levels compared (2000-2007 Q2) Source: Eurostat Labour Market Statistics
Productivity Growth Source: Derived from Total Economy Database, Groningen & Development Centre, 2007
Productivity Levels Source: Derived from Total Economy Database, Groningen & Development Centre, 2007
Irish Trade Unions in a Globalised World Jack O’ Connor General President SIPTU
Government spending as % GDP Source: OECD
Still well within the SGP guidelines for General Government Balance as % of GDP Source: Dept. of Finance
And much scope within the SGP guidelines for Government Debt to GDP ratio to increase in order to fund capital spending… Source: Dept. of Finance
Irish Trade Unions in a Globalised World Jack O’ Connor General President SIPTU