@griptmedia It'll be interesting if the Republicans win the midterms and Trump doesn't give everyone the $5,000 - will that be considered a broken political promise or disinformation by our Political Establishment?
@PaulTreyvaud To employ a minimum wage employee 40 hours per week in retail you need to take in €2,000 a week in Ireland currently. Everywhere will be looking to cut numbers on the payroll as a long term plan. What do you expect when none of the senior Government figures ever ran a business?
1.99 petrol. 2.09 diesel. Nearly half goes straight back to the government in tax.
The taxi driver. The nurse with no 6am bus. The carer. The tradesman. The farmer on green diesel. The pensioner filling a heating oil tank to stay warm.
"The people who get up early in the morning." The people this government bleeds dry.
And the ministers lecturing you on the cost of living? Their state cars are filled for free. On your money. They never watch the numbers spin at a pump.
Tax the country to the hilt and feel none of it yourself.
#CostOfLiving #FuelPrices
@WatchdogTh96012 We were second lowest in the EU when we only had the ESB. We brought in competition but we had to hike prices to encourage competitors to bring prices down and now we're second most expensive on the planet so maybe that didn't work out as planned 😊
@griptmedia How is the Government take looking year on year? If they're giving more than they are taking this figure will not be increasing. Assuming that @Toibin1 and @PearseDoherty will be following up to see if this is the case
Cost of Living:
One of the biggest drivers to the cost of living is the rapidly rising cost of employment.
Ireland’s min-wage looks set to rise in the next budget by 5.6% to €14.94 or €31,080 annually.
But the true cost of this to a business is €35,100 per employee after PRSI of 11.4% and 1.5% pension auto-enrolment.
This is all before annual-leave cover, insurance, training, uniforms, equipment, rates, tolls, and sick leave etc.
If the proposed min-wage increase goes ahead, the basic cost of employing a worker will be roughly 50% higher than it was in 2020!!
This is not sustainable....
Especially when businesses are also absorbing higher energy, fuel and financing costs.
In order to be able to afford a minimum wage employee costs of €35,100, a businesses must then generate that money through VAT-inclusive customer sales:
So if the business' VAT is 23% that means €43,173 in customer sales.
or
if the VAT rate is 13.5% that means €39,839 in customer sales.
This all assumes 100% margin.
A typical café trying to keep wages at 30–35% of sales may need ~€128,000 in customer spending to support just one minimum-wage position.
So expect €5 coffees and €10 pints.
Businesses cannot continually absorb these increases: they eventually either raise prices, reduce staffing or close.
The worst thing about all this is that very little of these extra costs actually go to the worker in take home pay..... its mostly all tax!!!
@SimpSimonSays@EyelandAes It is a Scottish song but Dolores Keane famously sang it and you often hear it at sing songs here. There were 12 really good contestants. Any could have won it but I wasn't surprised she won cause she was very good
I wish they would do this for houses for all the non asylum seekers living here, y'know, just the folks living here ages, working their bollocks off to keep the place running.
The government is jacking up CEO salaries, by €100,000, they say, because of international recruitment competition.
Yet the same rule does not apply for the 7000 Irish health care professionals who are currently working in Australia.