Thursday 18 January 2018

We earn €1,000 less than three years ago

Peter Flanagan

Peter Flanagan

EVERY man, woman and child in the country earns about €1,000 less than they did three years ago.

New figures from the Central Statistics Office show that average annual earnings have dropped by €4bn since 2009 to some €55.3bn.

The biggest fall has been in the construction sector, where earnings have collapsed more than 43pc to little more than €2.1bn in 2012, while public administration and defence earnings have tumbled 12.6pc to €5.4bn.

Few sectors have seen earnings rise by significant margins. The only exception is the information and communications sector, where earnings have jumped more than 12pc over the last three years. Even compared to 2011, wages from that sector are up 13.2pc.

Overall, the average wage rose marginally last year, but additional labour costs rose more than 15pc, it has emerged.

Figures from the Central Statistics Office show the average annual earnings added 0.5pc to €36,079. However, additional labour cost, such as PRSI, jumped 14.6pc to €5,582.

During 2012 the largest increase was in the professional, scientific and technical activities sector, where wages climbed 5.2pc.

Irish Independent

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