Oireachtas Joint and Select Committees

Wednesday, 3 November 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Challenges to Ireland's Competitiveness: Discussion

Mr. Oliver Gilvarry:

Yes. It is the whole cost issue. It is not just that Ireland is a good place to attract people, whether, as I said earlier, that is the very highly paid people working in ICT or pharmaceuticals or people who are working on the minimum wage or just above minimum wage, and it also applies to our own domestic situation so that we hold on to our people. People will always move and they will come back again, but it is a point worth making.

The issue on the housing side is that we see the supply coming through but given the large number of measures that have been put forward in the Housing for All strategy, we need to step back and look at whether they are having the correct effect. We need to ensure that adjustments are made quickly so there are proper monitoring frameworks and, in particular, that we do not see certain measures coming in on the demand side earlier than we are seeing supply coming through, which then makes it even more difficult for people to get housing. That can put them at a disadvantage compared to other jurisdictions in Europe which have huge labour shortages, so people decide to go there rather than here, or our own people decide to go there rather than, as the Senator said, that we keep the brightest and best and the skills here.

It is always great when people go and come back. That will always happen but we should not have a situation in which we educate people who go through the system and then we have huge skill shortages because we are losing loads of people.