Tuesday 6 December 2016

Raising minimum pay is counterproductive

Published 18/04/2011 | 05:00

The news that the minimum wage is to be increased will come as a relief across eastern Europe, most especially among skilled, trained, educated and experienced workers who would earn less than €2 an hour in their own countries and who will be highly motivated by the Irish minimum wage.

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Irish employers faced with a choice between such workers and the callow products of an education system that places more emphasis on religion and Irish than on maths and science will continue to have an easy choice.

Some leaders seem to think that the problems of Irish poverty can be solved by an inflated minimum wage. If they are right, why not double it?

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