Notes on the Front

Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU

Category: Uncategorized

  • Looking Under the Hood of the Jobs Bonanza

    Since the crash bottomed out in 2012, employment growth has been substantial – 377,000 according to the CSO.  This is a strong performance by any standard.  But there is some…


  • One Graph for a New Model

    Is there an argument for a new housing market model?   The data from the CSO and Eurostat shows that between 1997 and 2016: Average wages grew by 86 percent…


  • Breaking the Consensus on Multi-national Taxation

    Deputy Brendan Howlin made a surprising announcement during his leader’s speech to the Labour Party conference last weekend:  Labour will support the EU’s digital services tax.   Labour is the first…


  • The Anti-Politics

    The worrying thing about Peter Casey’s campaign was that it was unplanned.  Having spent weeks hovering around two percent, he stumbled into his controversy on the Travelling community.  Such was…


  • Why I am Supporting President Michael D. Higgins

    Many people will have many reasons for supporting President Higgins.  I would like to highlight one small example which, for me, encapsulates the President’s service to the country – a…


  • The Budget in Three Charts

    After all the post-budget commentary – the articles, interviews, studio debates – I’ll attempt to summarise the broad direction of the budget with three charts based on the detailed tables…


  • Taking on the Fiscal Fight

    The orthodoxy is running loose, we are being frog-marched into another round of depressed spending and progressives are nowhere to be seen.  Fiscal policy can put a lot of people…


  • Taking a Break

    Will be taking a break over the next couple of weeks.  But will be back by mid-September.  


  • Taxing Wealth – A Common Sense Proposal

    We need to broaden our tax base, keep taxes on the productive economy as low as possible and shift taxation on to unproductive capital, unearned income and environmentally-degrading activities.That’s why…


  • Poorer and Deeper in Debt

    Last year the CSO introduced an innovative measure of national output in order to remove the distorting effects of multi-national activity (re-domiciled companies, R&D and aircraft leasing).  It was called…


  • Turning Ploughshares into Swords

    What great fun following President Donald Trump’s global tutorial on how to win friends and influence people.  Particularly intriguing is Trump’s claim that European members of NATO are not spending…


  • A Small Step Towards a Big Goal

    Billy Kelleher, TD, has done a service by asking each Minister the cost of implementing a living wage of €11.90 per hour for all employees directly employed in his/her Department,…


  • Hoping for an Evidence-Based Tax Debate

    Put the cat out, pop the popcorn and pull up a chair:  the great pre-budget tax debate is commencing.  For the past few years we have heard that our income…


  • Making the Living Wage a Living Fact

    The Living Wage Technical Group has today produced the hourly Living Wage for 2018:  €11.90 – a 20 cents rise over last year.  Since the Living Wage was first launched…


  • Paying for Investment by Squeezing Public Services

    The Government in its Summer Economic Statement has confirmed what they set out in the National Development Plan – a substantial increase in public investment.   The Government intends to increase…


  • An Income Story of Two Halves

    The Revenue Commissioners have produced some interesting data relating to incomes over the period of the recession and the beginning of the recovery.  What’s noteworthy is the reversal of fortunes…


  • Wintertime in the Summer Economic Statement

     Just a few quick thoughts on the Summer Economic Statement released Tuesday. 1.    €900 million won’t be Spent In the name of preventing ‘over-heating’ the Government is not going to spend…


  • Measuring the Real Value of Business

    People are rightly questioning whether the measurement of national output– GDP –actually measures the real worth of economic activity.  President Sarkozy even set up a commission – the Commission on…


  • Wasting Money on Savings We Already Have

    The Government is planning to introduce a Rainy Day fund – a fund to be used when the economy starts to slow down or enters a slump.  This sounds very…


  • Sweating the Economy

    Is the economy over-heating?  Are we reaching full capacity?  Are we in danger of slipping into heighted inflation and balance of payments deficits?  The problem is we may not know…


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Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU