Saturday 17 March 2018

Alarming rise in pay gaps can no longer be ignored

Mike Dolan and  Thomas Molloy

YESTERDAY'S report from the Revenue Commissioners showing that the wealthiest people in our society are paying a smaller share of income tax than they were in 2006 is part of a global trend.

While wages in many western countries are almost stagnant (see graphic above), salaries for the top earners are rising quickly.

Our graphic shows that Hay Consultants, the world's leading pay and benefits company, does not expect any pay increase in Ireland or Greece this year, and only very small rises in many other European countries.

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