Ireland’s Emerging Wage Spiral - Failing to Learn the Lessons of the Past
Wage adjustments across the economy are now commonplace, albeit with some sectors outstripping others with employers in parts of the domestic economy or those with high labour costs as a percentage of total costs still struggling to afford adjustments. Average annual earnings grew by 2.0% in 2017 compared to 1.3% in 2016. The Central Bank (Q4 Quarterly Bulletin, October 2018), predicts compensation per employee to increase by 2.8% in 2018, by 3.3% in 2019 and 3.4% in 2020. La
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