Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

The recession is nearly over- will you get your pay cut back?

Options
  • 03-11-2009 8:04pm
    #1
    jos28
    Registered Users Posts: 7,194 ✭✭✭


    According to many economists, the end of the recession is in sight
    http://www.rte.ie/news/2009/1103/eueconomy.html
    Will all the bosses who initiated pay cuts be reinstating everyone to their pre-recession wages ? Many pay cuts were enforced on a 'temporary' basis, 'until things improve' etc etc....
    Has anyone asked for their 10% cut back yet and if so what was the response ?


Comments

  • Options
    #2
    phasers
    Registered Users Posts: 18,159 ✭✭✭✭phasers


    You'll be told to STFU and get back to work


  • Options
    #3
    WIZE
    Closed Accounts Posts: 3,597 ✭✭✭WIZE


    days must be like minutes to you if you think the recession is nearly over in this country


  • Options
    #4
    DeVore
    Business & Finance Moderators, Entertainment Moderators Posts: 32,387 Mod ✭✭✭✭DeVore


    Would these be the same economists who told us there would be a soft landing of the housing markets?

    This recession is far from over. The next budget is going to be the one we SHOULD have had at the last one.

    DeV.


  • Options
    #5
    Tellox
    Registered Users Posts: 2,680 ✭✭✭Tellox


    I sincerely hope not. Irish people priced themselves way out of the marketplace pre-recession - this is a large factor in why we got hit with such a slap during it.

    Wages don't need to rise. Inflation needs to drop.


  • Options
    #6
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    Moved to Irish Economy


  • Advertisement
  • Options
    #7
    brianthebard
    Closed Accounts Posts: 16,165 ✭✭✭✭brianthebard


    Key words in that article are 'in Europe'.


  • Options
    #8
    ixoy
    Moderators, Entertainment Moderators Posts: 17,993 Mod ✭✭✭✭ixoy


    They're talking about the recession ending in Europe - not Ireland. We're still screwed. Anyone who thinks it's getting rosy, and time to increase high wages any time soon, is deluded.


  • Options
    #9
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    jos28 wrote: »
    According to many economists, the end of the recession is in sight
    http://www.rte.ie/news/2009/1103/eueconomy.html
    Will all the bosses who initiated pay cuts be reinstating everyone to their pre-recession wages ? Many pay cuts were enforced on a 'temporary' basis, 'until things improve' etc etc....
    Has anyone asked for their 10% cut back yet and if so what was the response ?


    What pills are you taking. :D

    Just beacuse we come out of a recession (which is unlikely in any case) does'nt mean the **** has'nt been cleaned from the fan.


  • Options
    #10
    NewDubliner
    Closed Accounts Posts: 1,615 ✭✭✭NewDubliner


    [QUOTE=jos28;62830365Has anyone asked for their 10% cut back yet and if so what was the response ?[/QUOTE]If you work in a bank, you're probably saying, right now, "what paycut?"


  • Options
    #11
    bangersandmash
    Closed Accounts Posts: 686 ✭✭✭bangersandmash


    jos28 wrote: »
    According to many economists, the end of the recession is in sight
    http://www.rte.ie/news/2009/1103/eueconomy.html
    Will all the bosses who initiated pay cuts be reinstating everyone to their pre-recession wages ? Many pay cuts were enforced on a 'temporary' basis, 'until things improve' etc etc....
    Has anyone asked for their 10% cut back yet and if so what was the response ?
    The bosses might point out that the article applies to Europe overall, not to Ireland. The likes of France and Germany emerged from recession some time ago. We're not in the same boat as them.

    Amazing the difference a headline can make...

    Ireland and Spain to lag behind in Eurozone recovery

    http://www.irishexaminer.com/breakingnews/business/ireland-and-spain-to-lag-behind-in-eurozone-recovery-432768.html


  • Advertisement
  • Options
    #12
    lmimmfn
    Registered Users Posts: 3,553 ✭✭✭lmimmfn


    lol, the recession hasnt even got into full swing here give it another 2 years.


  • Options
    #13
    foxyboxer
    Closed Accounts Posts: 3,528 ✭✭✭foxyboxer


    (in trailer man type voiceover) ;)

    the recession is coming to an end
    the depression is about to begin!
    the budget 2010

    hitting a wallet near you soon!


  • Options
    #14
    Nasty_Girl
    Registered Users Posts: 1,327 ✭✭✭Nasty_Girl


    No because if my wages get higher then my landlord decides he can up the rent of my apartment, local shop decides they can shove on an extra 10 and 20 cent here and there til it all snowballs back into a load of bollix.


  • Options
    #15
    nesf
    Registered Users Posts: 27,645 ✭✭✭✭nesf


    DeVore wrote: »
    Would these be the same economists who told us there would be a soft landing of the housing markets?

    No actually, completely different group and their predictions aren't that unrealistic, it's not that hard to grow your GDP by 2% after it's dropped around 10% in the previous years. The thing is the problems we face aren't just GDP growth and the threat of deflation.


  • Options
    #16
    nesf
    Registered Users Posts: 27,645 ✭✭✭✭nesf


    brianthebard wrote: »
    Key words in that article are 'in Europe'.

    Nah they're predicting something like 2012 for the Irish economy to begin recovering, but that's on the optimistic side of things and beginning to recover could mean several years of low growth and little job creation.


  • Options
    #17
    ednwireland
    Registered Users Posts: 14,402 ✭✭✭✭ednwireland


    doubt it unless something magic happpens and we get more better paid work, and our customers actually pay us.

    My weather

    https://www.ecowitt.net/home/share?authorize=96CT1F



  • Options
    #18
    FKhan
    Registered Users Posts: 36 ✭FKhan


    jos28 wrote: »
    According to many economists, the end of the recession is in sight
    http://www.rte.ie/news/2009/1103/eueconomy.html
    Will all the bosses who initiated pay cuts be reinstating everyone to their pre-recession wages ? Many pay cuts were enforced on a 'temporary' basis, 'until things improve' etc etc....
    Has anyone asked for their 10% cut back yet and if so what was the response ?

    Dude

    The report said it did not expect growth to resume in Ireland until 2011

    So you have to wait another summer ;)


  • Options
    #19
    Kensington
    Closed Accounts Posts: 3,683 ✭✭✭Kensington


    The recession is nearly over? Dude, it has yet to begin.
    We're in for one of the hardest budgets ever this December. And the budget next year won't be any better. This year is a walk in the park compared to what next year is going to be...


  • Options
    #20
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    Kensington wrote: »
    The recession is nearly over? Dude, it has yet to begin.
    We're in for one of the hardest budgets ever this December. And the budget next year won't be any better. This year is a walk in the park compared to what next year is going to be...

    And the year after that and the year after that and possibly more after that..... Its going to be wicked bad until at least 2014.


  • Options
    #21
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    DeVore wrote: »
    Would these be the same economists who told us there would be a soft landing of the housing markets?

    You mean those "economists" who actually did a Bcomm and who wound up becoming the Chief "Economist" for either AIB, BOI, Anglo or any of the other vested interests in the property industry?

    Well, no. These were economists for the EU commission. However, one should carefully read one line in this article:
    On the technical measures used by economists, the recession is over in the EU.

    And learn that 'technical measures' is a term used by hack journalists to disguise the fact that a recession can be most loosely described as positive q-on-q growth. But any real economist knows that this is ****ing nonsense.

    Come to the economics forum to learn more! :D


  • Advertisement
  • Options
    #22
    Tipsy Mac
    Closed Accounts Posts: 2,559 ✭✭✭Tipsy Mac


    Ireland is a long long long way away from the bottom it's heading to. Next year will be hell, the following year will be worse, I expect it to level out in 2015. House prices have yet to crash and return to a level of what a house should cost in this country, 50% less than they are now.


Advertisement