Hard lesson on the knowledge economy

THE new year was scarcely a fortnight old when 1,000 Irish workers were told their services were no longer required. A black Friday for the Irish people.

But surely it’s just a matter of time before the hibernating tiger rebounds?

After all, haven’t we been told for the past 10 years that we are part of a ‘knowledge economy’ — a centre for foreign enterprise to exploit a highly skilled and trained workforce?