NERI economist Paul Goldrick-Kelly discusses the challenge posed by the necessary effort to decarbonise and what it might mean for economic growth.
Economic growth is the dominant concept informing government policy around the world. Economic policy is structured around fostering growth through – among other things - education, technological advance and encouraging the spread of the same to encourage widespread take up of more efficient production techniques.
Efficiency is the key concept for most theorists of economic growth, particularly when referring to long-term growth. You can increase the value of completed goods and services by throwing in more inputs – or what economists call factors of production - in the form of working people and the stock of assets they use to produce. This is known as extensive growth.
As the Citizen’s Assembly prepares for sessions on Women in the world of work, we examine some of the issues they will be discussing. Gender Pay Gap This week marked “Equal Pay Day”, the date that women in Ireland effectively work for free for the remainder of the year when compared with their male counterparts. This is due to the gender pay gap - the difference between the average hourly pay of all male employees and of all female employees. The EU average is 16% and our gap stands at 14.4% . So, on average women earn 85.6 cents for every Euro men earn. Why are women paid less? Actually it’s not surprising for a wide variety of reasons: • Women still face discrimination in the labour market; • One of the biggest problems is segregation in education and work. (This refers to concentration of either women or men in certain subjects or jobs). • Most of the highest paying occupations are predominantly male while most of the lowest paying occupations are predominantly female • Senior positions tend to be held by men; • There is a motherhood penalty • Part-time penalty.(more women work part-time because of care responsibilities and lower paid) • Double/Triple shift. (Job, Housework, Children) We also have a low pay problem in this country, with 23% of the workforce designated as low paid compared to an OECD average of 15%. And Women are over represented in this cohort – between 60/65% We also have among the most expensive childcare in the EU, built on the backs of mostly low paid women. We have among the lowest control over our working times and patterns – including access to flexible working arrangements. And, women (and men) workers and their trade unions have no legislative right to be recognised in the workplace for collective bargaining purposes, or to make representations to their employer through their trade union. Recommendations That’s quite a menu of issues to be dealt with but we feel the following measures would make a real difference and have asked the members of the Assembly to recommend the following: The previous Government and the current one have made commitments to introduce gender pay gap reporting legislation that has yet to be completed. The draft law is designed to require certain employers to publish information in relation to the gender pay gap in their organisations. It will provide an incentive to employers to create plans to deal with any gaps identified and allow prospective employees to see their record in this regard. There is also action at EU level with the EU Commission considering proposals for a Pay Transparency Directive so that the undervaluing of work that is predominantly done by women is once and for all addressed. This week, the ETUC published trade union proposals an unusual step in protest over the delay to the European Commission legislation originally due to be published on European equal pay day. The European Commission then announced it will "soon propose binding measures on pay transparency". Good news indeed, but women workers need to know how soon is soon? 1. Recommendation - support legislating for pay transparency at home and across the EU.
The seasonally adjusted Labour Force Survey estimates for Northern Ireland for the period June-August 2020 showed that over the quarter the unemployment rate increased by 1.2pps to 3.7%. I believe this figure alone represents the start of the labour market shake-out and beginning of crises (as being able to be seen through data) for the labour market. However, as will be outlined in this blog, whilst it is foolish to imagine that our labour market does not face into the possibility of a monumental unemployment crisis it would be similarly mindless to not recognise the key role of Government policy in determining the scale and shape of this crisis.
Tomorrow (Saturday 10th October) is World Mental Health Day, a day when we highlight mental health education and awareness, as well as advocacy against social stigma.
The day will see organisations around the world call for greater investment in mental health supports from governments, workplaces and individuals.
Mental health relates to our emotional, psychological, and social well-being. It affects how we think, feel, and act. It also helps determine how we handle stress, relate to others, and make choices.
Research shows that one in four of us will experience mental health difficulties in our lives. And, of course, many people are feeling increased anxiety and stress as a result of the Covid-19 pandemic.
NERI economist, Paul Goldrick-Kelly discusses the need to reduce carbon emissions.
Climate change linked to human activities represents one of humanity’s singular challenges and its effects are already being felt. Political groups and movements have grown, highlighting carbon emissions linked to rises in global temperatures, primarily arising due to our reliance on fossil fuels and wider (and increasingly damaging) relationship with the planet’s natural process of recycling these gases. These movements have fought for, and increasingly succeeded, in moving our relationship with the planet up the political agenda.
Dr. Peter Rigney looks at the problems that bedevil childcare in Ireland and outlines how we can move to a high-quality, acessible and affordable model
‘Policy failure’ is a polite term used to describe the inability or unwillingness of governments and assorted lawmakers to deliver solutions to pressing problems, or to anticipate and avert disaster.
The banking crisis and our resulting economic collapse was a policy failure of epic proportions, even if a succession of inquiries and reports has, as yet, failed to apportion blame and suitable punishment.
The homeless crisis is another, more recent example of a systemic political inability to act decisively when there is pressing and obvious social need.
Niall Crowley puts the case for the Financial Transaction Tax
We have the soap up and running. Rebellion has been playing, with mixed reviews, to big audiences. We’ve already had the first of the pomp and ceremonies in Dublin Castle. Our political leadership got the chance to mix it with the military in all solemnity. We’ve got that feeling going again, the drug of independence is running in our veins.
But the high never lasts too long. Something will always arrive to spoil it. If it’s not multinational tax loopholes, it’s Shannon airport and US military aircraft landings.