Oireachtas Joint and Select Committees
Thursday, 19 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report 2014: Irish Fiscal Advisory Council
3:30 pm
Professor Alan Barrett:
If we consider the issue in broader terms, any group of workers in the world would prefer more rather than less demand for their labour. To extend the Deputy's analysis, if in some sense we got this crowd out of the country, that would reduce labour demand significantly and our suspicion is that wages would decline.
It would significantly reduce labour demand and, based on that, we suspect wages would decline.
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