Saturday 10 December 2016

Comparing public and private sectors is not like for like

There are benefits and drawbacks to the system but any solution needs to address the cost-of-living crisis, writes Eoin O'Malley

Eoin O'Malley

Published 27/11/2016 | 02:30

Public sector pay may not go up as fast as wages in the private sector, but at least you aren't going to lose your job when bad times hit Photo: Laura Hutton/Collins
Public sector pay may not go up as fast as wages in the private sector, but at least you aren't going to lose your job when bad times hit Photo: Laura Hutton/Collins

The average weekly wage in the public sector is €906 compared to an average wage in the private sector of €645, according to Central Statistics Office data.

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A top-of-the-head calculation shows this pay is about 40pc higher in the public sector. That's a big difference.

Given that we spend about a quarter of Government revenue on pay and pensions, we might think that, instead of devoting the State's resources to restoring public sector pay, we should think about cutting it further.

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