Letters: Facts show real pay gap
Published 07/06/2015 | 02:30
Sir - A number of letters in your Sunday Independent of 24 May defending the restoration of civil service pay are understandable opinions from employees of the State.
However the facts, tell a different story. According to the Central Statistics Office, in 2014 the average private sector salary was circa €31,000, the average industrial wage was circa €35,000 and the average public sector salary was €47,000.
The above facts do not take into account the job security, the index-linked pensions, the golden goodbyes, the holidays, sick leave, salary increments (paid even during the depths of the recession) and many other entitlements in the public sector that are simply unavailable in the private sector.
Thus the true cost of the average salary of public sector employees is greatly in excess of €47,000.
On top of the above the State owes in excess of €200bn in sovereign debt -on which it is paying about €8bn per year in interest alone, and this at a time of historically low interest rates.
At some inevitable future date, interest rates will be much higher than they are now, with predictably calamitous results.
Rather than pay down this debt as the economy demonstrably improves, remarkably the State continues to borrow, simply adding to the State's already unsustainable borrowings.
Well done Gerry McEntee
Sir - I would like to comment on Dr Gerry McEntee's letter in last week's Sunday Independent about Art McRory's comment in relation to Dermot Crowe's suggestion that "the sledging solution in the GAA lies in the leadership on the side-line."
Dr McEntee was 100pc right to defend the great Meath team of the 1990s, who, just like Dublin, gave great hours of football.
Well done Gerry on the field and well done off the field where you are now. "A true GAA man" - a genius.