Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Photo of Barry CowenBarry Cowen (Laois-Offaly, Fianna Fail)
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I want to return to the issue of the labour market which has come up in other contributions. We are at pretty much full employment now and that is challenging for a number of sectors. Which ones do the witnesses think are particularly challenged? Why do the witnesses believe it has happened? We have talked here before about the impacts post Covid of a certain cohort of people leaving the labour market and not returning. In the past 12 months we have seen an increase in profit margins but not necessarily the expected increase in wages that we might have been talking about 12 months prior to this. Can the witnesses comment on this?