Oireachtas Joint and Select Committees

Thursday, 3 June 2021

Committee on Budgetary Oversight

Budget Priorities Exiting Covid-19 Pandemic: Discussion

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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I thank Dr. Kinsella and Dr. Healy for their broad-ranging presentations. I would like to take up a few points, first with Dr. Kinsella. He stated that anger is going to become an economic variable. I ask him to expand on that, and where he sees that being an issue. I will link it to two other points. What exactly does he mean by the statement that anger has become something that is being measured? It is being measured almost as much on an economic level as an emotional level. Dr. Kinsella made an interesting comment in his presentation. He stated that he predicts "an expansion of economic activity to beyond pre-Covid levels of economic activity without a correspondingly sharp reduction in either general unemployment or youth unemployment". Why does Dr. Kinsella think that? Is it because wage subsidy scheme payments represented almost 50% of the total earnings for the accommodation sector? I am assuming Dr. Kinsella is including the hospitality sector in that. I ask him to respond to those two points, namely, on anger as an economic variable and general and youth employment not reducing in parallel with economic growth.