Tuesday, 17 December 2019
Relatively, Ireland's pay levels are higher, and our minimum wage is the sixth highest in the world, even when one takes into account purchasing power capacity. The gap exists because there is a large number of people on very high pay, especially in the multinational sector, which distorts the figures and drives the number upwards. One could take the view that we should set a pay cap or a maximum pay level, and I am aware that some socialists argue for that. While one could do that, I am not sure that bringing people down achieves very much.