Dáil debates

Thursday, 26 November 2015

Other Questions

Economic Competitiveness

10:30 am

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

I mentioned talent. The IMD World Talent Report 2015 shows that Ireland has dropped ten places in its ranking since 2014, the largest drop of any developed country. It states that there are problems with infrastructural development and investment, worthwhile apprenticeships and internships, and that the labour force is contracting in certain sectors. In this sector, we are 50th out of 61 participating countries. The quarterly national household survey states that about 300 people in the age group of 20 to 34 are leaving the country every week, which is quite shocking. If one adds the problems we have with utility costs and not developing our talent properly to the problems with upward-only rent reviews, the commercial price for property and the housing catastrophe, one sees these elements reducing competitiveness and the opportunity for indigenous businesses to export and grow.

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