Benchmarking out of step with economy

ECONOMICALLY, Ireland is in one hell of a mess. In the private sector, one employee is made redundant every 15 minutes, because Ireland has lost its competitive edge in the international market.

Public service employees, however, will continue to enjoy permanent, pensionable and adequately remunerative jobs, ad infinitum. Before the onset of the Celtic Tiger, the Asian Tiger had became extinct because the cost of labour in Korea and Japan become excessive. This forced the entrepreneurial moguls to transfer their industrial operations to low labour cost countries.

During the course of the Celtic Tiger progression, labour costs in Ireland became too excessive for manufacturers to bear.