Oireachtas Joint and Select Committees

Wednesday, 8 February 2023

Committee on Budgetary Oversight

Report of the Commission on Taxation and Welfare: Discussion (Resumed)

Mr. Gerard Brady:

Demand is probably the reason. We added 250,000 workers in under three years. It is probably the fastest period of labour growth we have had in terms of demand for workers since the late 1990s. It is a function of how strong the economic growth has been throughout the period. In other countries, such as the UK, for example, where they have seen major downturns, it can be written off to lack of migration, Brexit and many other issues. Here it is demand. There is so much demand from our members for workers because there is strong growth. It is a sign of a strongly growing economy. The other side of it is that for a number of years we more or less had a tap turned off in terms of inward migration. That was a challenge, particularly with visas. It is an issue that is being fixed now and we are getting better, but it was a major blockage for a number of years.

Comments

No comments

Log in or join to post a public comment.