Stagnant wages and expensive housing leave young people in Ireland worse off than parents

Are you under 40 and unable to buy a home, and affected by high rents and stagnating salaries?

Proportionally, employment was 14 per cent below its pre-pandemic level for those age 15-34, compared to just 6 per cent below for those in the age 35-plus category. “A growing body of economic research finds entering a depressed labour market has large, negative impacts on earnings and employment that can take 10-15 years to fade,” the report warned.The study found there has been “widespread stagnation in earnings growth” since the 2008 financial crisis, with average earnings for those born in the 1980s no higher from age 25 to 35 than for those born in the 1970s.

The lower earnings growth and the disproportionate impact of the pandemic on young workers reflect the fact that they are more likely to work in retail, hospitality, arts or leisure sectors, which have relatively lower wages and have been most adversely impacted by the current restrictions.

Of course. Inflation with no changes in wages tends to have this effect..

We know that this Government has absolutely no interest nor intentions in changing the Housing Crisis: it's just too beneficial for many of its members, and it's nothing new.

This is the backdrop in which DarraghOBrienTD MichealMartinTD fiannafailparty have been tasked to turn the ship in pandemic with coalition partner in denial .

A combination of fiannafailparty and finegael have left young workers financially worse off than their parents.

Don't worry about it. Sure isn't Cannabis the 'gravest threat to mental health' in the entire country? Isn't that right BobbySmyth4 ? Idiots everywhere CannabisReformIreland

But according to IrishPsychiatry cannabis is the 'gravest threat' to the youth of Ireland? 🤡

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