Here's a webinar I did for the People's Economy group, along with my entry on policies to reduce unemployment. There are other excellent webinars from Ronan Lyons and Brian Lucey. Overall, it's pretty clear there are a lot of good ideas out there, and that most economists live in poorly-lit grey caves. Also, I do a superb impression of a squirrel.

2 Responses to “Reducing Dole Queues”

  1. John Hill

    Thanks for the RT! butchered my links (my bad) so here's the hopefully coherent version:

    1. You mentioned cutting the minimum wage was justified under the rubric of restoring competitiveness (internal devaluation). In my opinion a blanket cut in the minimum wage has increased income-replacement rates for passive unemployment among low earners. A targeted strategy would have been preferable:
    a) Limiting the scope of a reduction to the least experienced whose marginal product may not be €8.75. Employers have been cribbing about this for aeons.
    b) Abolishing JLC wage premia. During a decade of net inward migration we voluntarily paid wage premia to fill vacancies in our service sector. Little wonder our coffees, hair-cuts and Sunday lunches are so expensive when employers are bound by restrictive wage agreements sitting on top of the statutory minimum!

    2. Your discussion of job matching was interesting. Chris Pissarides Nobel lecture at LSE was on matching and is podcast here. The motivation behind job matching has some interesting parallels with industrial policy and attracting inward investment. My colleague Dr Ya Ping Yin has some interesting things to say about the Chinese industrial policy. Local authorities essentially map skills and resources (capabilities) in their regions and will lead delegations on trade missions to sell those resources. The objective is to maximise the attractiveness of a region’s offering by identifying any deficits (human capital, infrastructural) and addressing them. I’m trying to encourage him to write this up in English.

    3. On graduate emigration, I’ve been trying to find any studies (or data) on the percentage of England’s graduates who “default” on their student loan through emigration. Anecdotally Australia does pretty well out of England’s higher education system. Even though the return of university fees through deferred payment has its merits, I wonder how the incidence of default will be affected by our outwardly mobile labour force? It would be strange indeed if the burden of repayment fell entirely on graduates who remain in Ireland.

    4. Business wants to see a reduction in local authority rates and they maintain the absence of domestic rates makes local authority funding inequitable. A reduction in rates under the current non-system will leave a revenue gap to be filled either by service charges, development levies, a local property tax, or... through reform of what local authorities do and how they do it. FG’s manifesto proposal to reduce the number of (grossly overpaid) city/county managers stops within an inch of the real finish line which ought to be consolidation. The UK grabbed this nettle 30 years ago.

    5. In terms of infrastructural works – specifically refitting mains and installing water meters. At the moment water infrastructure is provided/maintained by local authorities. Allocations from DoEHLG are used by councils either for direct labour or to put large projects out to open tender. Let’s be blunt about this: European solidarity has taken a hammering of late, not least with discussion of a common consolidated corporation tax. Perhaps before we rush to tender multi-million euro contracts for water works we should ask ourselves, “what would the French do?” What are the prospects of German or UK civil engineering firms getting equivalent contracts in France? Our situation is thus 1) direct labour is likely to be inefficient, fragmented and bad value for money, 2) open tendering (at least some of it) may suffer from leakage and not provide the employment we desperately need. Can the PPP model be adapted in such a way that would include conditionality on the use of local labour, e.g. from a skills pool registered with the public employment service? Would that proposal sound as un-European if the French did it first?

    6. One of the contributors asked why discount grocery retailers are more expansive here than in Germany. Various local authorities (including An Bord Pleanála) have interpreted the Retail Planning Guidelines as imposing a cap of 1,500m2 on the floor area of vertically integrated “discount grocery retailers”. The Competition Authority have written about this and DoEHLG are supposed to be reviewing it. Ironically enough, impeding the growth of vertically integrated retailers has played into the hands of Irish wholesalers (known to be uncompetitive) and multiples like Tesco whose Irish margin is 3 percentage points more that of its UK operation.

    7. Lastly, someone raised an interesting point on the politically-correct reluctance to refer to labour flexibility. There is certainly some debate to be had on the balance between “finding” employment for people in industries that were unsustainably large (construction and trades) and society’s willingness to support peoples’ time outside of the labour market while they retrain. Denmark’s flexicurity model does the latter: a social contract exists that acknowledges the inevitability of structural unemployment. It provides for generous income replacement (to the actively unemployed) subject to counselled/monitored progression through retraining. In my opinion the economy’s investment in supporting that expensive contract is repaid many times over through the future earnings and success of those retrained. FG’s manifesto proposal to substitute “FÁS courses” with training vouchers probably makes sense but needs to be accompanied with a rigorous employment counselling service – of which diarying is only a part.

    • Stephen

      Superb points John, thanks!


1 2 3 142
March 24th, 2018

Capital inflows, crisis and recovery in small open economies

Our latest paper, and my first with my Melbourne School of Government affiliation (plus my UL one, of course) is […]

March 7th, 2018

Southern Charm

What's it like working at Australia's number one university, ranked 23rd in the world for social sciences? It's pretty cool, […]

February 7th, 2018

Freedom interview

I did an interview for an app I love using called Freedom. Basically I pay them to block off the […]

December 10th, 2017

Marian Finucane Interview

I did a fairly long interview about the experience of moving to Australia with my family. You can listen here.

November 17th, 2017

Increasing wages for macroeconomic stability

My first piece for the conversation is here. I'm arguing the economy would benefit from wage increases, paid for from […]

November 14th, 2017

Health Workforce Planning Models, Tools and Processes: An Evidence Review

Below is my recorded talk, here are my slides, and the handout for the 4th Global Forum on Human Resources for […]

October 5th, 2017

Aalborg Keynote

My talk from the fourth Nordic Post Keynesian conference is up. The full list of keynotes is here.

October 1st, 2017

AIST Debt and Demography talk

(Apparently Limerick is in the UK now!)

September 7th, 2017

My AIST Keynote: Europe Exposed

In which a camera man faints halfway through--he's OK though, I checked afterwards!

July 22nd, 2017

MacGill Summer School Speech

My speech at the MacGill Summer School is here. Thanks to Joe Muholland for inviting me to speak.

May 25th, 2017

Business Post Articles

All my Sunday Business Post articles (back to 2014/5, when I joined the paper) are available here, behind a paywall, and […]

January 15th, 2017

A month with the MacBook Pro

This is a quick update to the the previous post about getting a new MacBook Pro. So far three things […]

December 23rd, 2016

Some Thoughts on the New MacBook Pro

I’ve been working on Mac laptops since the early 2000s. I typically get a new one every 2-3 years. My […]

December 13th, 2016

Strange days indeed

We’re living through very strange times. Times when it’s a good thing that only 46 per cent of the Austrian […]

November 22nd, 2016

Will robots eat your job? @ryanavent's snapshot of a global economy in flux

Review of 'The Wealth of Humans', By Ryan Avent, Penguin, €19 Will robots eat your job? Will your kids have […]