Oireachtas Joint and Select Committees
Thursday, 12 February 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013
10:00 am
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
Mr. Shanahan probably knows that some recent Organization for Economic Cooperation and Development, OECD, data revealed that this jurisdiction, just after the United States of America, had the highest level of low-paid employment. If the minimum wage were to increase would it make Mr. Shanahan's job more difficult in getting inward investment? In every budgetary cycle when people put forward their proposals there is an automatic assumption that if anything is done to remedy low wages or to make certain changes to the taxation code the automatic consequence would be that foreign direct investment, FDI, would fall off or disappear entirely, depending on who one listens to. If the minimum wage were to ratchet up by €1 or €2 an hour what implications would that have? Ms Sinnamon might comment on that too.
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