Dr. Conor O'Toole:

Looking back through Irish economic history, one of the very clear channels through which our labour market has operated is the migration channel. Going back to the seventies and eighties, with outward migration, Irish households flowed to the US, the UK and other markets. Then, when the economy improved here, that labour flowed back in through that migration channel. The Irish labour market is particularly open and fluid. It responds to incentives and relative wages in other economies. The integration with international labour markets, particularly the EU and the UK, is a critical part of the functioning of the-----