Mr. Ciarán Nugent:

I want to point to statistics. Obviously, real wages are a function of the cost of living and the biggest issue is housing at the moment. We can actually bring down real wages while maintaining a nominal wage and decreasing the cost of housing for everyone, which is a big one. Regarding cost pressures and wage pressures over the past five years, we have seen now that pretty much the bottom 60% of wage workers have not seen a real increase in the last five or six years. That is being driven by top earners and an increasing inequality in the wage distribution in Ireland, which is among the highest in Europe as well, in terms of cost of living and standards of living for workers.