Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

The ECB has released interesting data showing profits are rising much faster than wages. There was much speculation we would have a wage growth spiral, which has not materialised, but there is significant profit growth in many sectors, including construction, manufacturing and mining. Agriculture saw the biggest rise in profits across Europe, compared with wage growth. Is price gouging going on in the middle of all of this?