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Economy and policy developments in the Republic of Ireland
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Over the last several years, Ireland has experienced a dramatic change in employment. A quick study of the latest CSO “Employment and Unemployment” survey shows where jobs have been lost and gained, by sector of employment. Some sectors have seen job losses in the hundreds of thousands while other sectors have been slowly growing. The period from April 2007 to April 2013, there has been a loss of 266,000 jobs (CSO, 2013). The study suggests that the loss of jobs was greatest in the Construction and Industry sectors. While gains occurred in the Education, Information and Communications, and Human Health and Social Work sectors. These changes show that the tasks associated with low, skill and education are on the decline. The jobs that need a higher education level are on the rise (National Skills Bulletin, 2013, 28). Due to this trend, subsidies in the Education sector should be increased to train and better equip the workforce. It would be of a great benefit to the entire economy, as an increase in education may attract more business to Ireland. It would also make the workforce more adaptable to change, giving people stability in their lives.
Government subsidisation in Ireland appears to cover every sector from small farms to large multinational companies. The government subsidises in many forms, such as tax relief, single payments, grants, ect. These subsidies helped attract large multinational companies, maintained profitability for farmers and provided capital for start-up companies. However, tax relief and grants are not enough. Every year businesses are finding it harder to fill specialised roles within their companies. Virtually all the skill shortages listed in the National Skills Bulletin 2013 are specialised and only ob...
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...ta from the National Skills Bulletin 2013, and the CSO “Employment and Unemployment” survey, change can be clearly seen. Only jobs and careers that need a third level education are on the rise. No longer applicable to the Irish workforce “Don’t forget your shovel if you want to go to work” (Christy Moore, 1987). The vast change in the Irish labour markets over the last decade has broken up the Irish workforce. Many have adapted however, there is many people are falling behind. Deemed uneducated, unskilled and unsuitable for the workforce. Becoming unemployed due to changes beyond their control. Ireland subsidises many businesses. However, it not enough, with skill shortages in many areas, preventing companies from investing in Ireland. Retraining and re-educating the workforce by increasing subsidies to the Education sector will have benefits throughout the economy.
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
Over the past few decades, factors such as globalization, de-regulation, credentialism, and technological progress have brought momentous transformations to the economies of the world. Wealth imbalance between countries has contracted, while income inequality within countries has expanded. The demand for highly skilled workers has increased, and so have the salaries for the most successful individuals in society. Less educated people, however, have fared relatively worse. This is quickly attracting the attention of governments of many countries, including Canada.
Berggren, Caroline. "The Influence of Higher Education Institutions on Labor Market Outcomes." European Education 42.1 (2010): 61-75. Academic Search Complete. EBSCO. Web. 9 Mar. 2011.
E4Project. (2007): Education for Employment Project. Teaching and Learning in Further and Higher Education. A Handbook by the Education for Employment Project.
by working for others, being unable to find a job is a serious problem. Because
Within today’s society many of the jobs today require a much greater element of skill, where as in previous years those who didn’t fare well in education could find an unskilled labour job, these jobs are no longer available, which puts greater pressure on the educational system to ensure these people attain a certain level of qualification in order to seek employment. (REF, needs
An opinion expressed throughout my research on Apprenticeships. In 2009, a new apprenticeship programme was put in place to overcome the issues involved with apprenticeships. The belief was demand would increase by 2011. However, the Governments ambitions to boost apprenticeships in England and create a higher skilled workforce is being undermined. As apprenticeships often fail to provide sufficient training to develop new skills.
“Bail-out in Ireland” In Our group essay we are going to analyzing the state of Ireland’s economy, from before the Celtic tiger through to the here and now and what the future holds for the citizens of the state. This topic is a heavily discussed in todays news and has been for quite some time. From an economic perspective we will look at what caused the problems to occur and who was responsible. We will delve into the implications in which the bad decision-making has cost the public and economy at present.
Since the turn of the millennium Ireland witnessed unprecedented growth, in stark contrast to the economic hardship of the 1900’s. Ireland became one of the most prosperous countries in Europe during the 2000’s. Times were good for Ireland as unemployment was low, growth and GDP was growing year on year and inflation was constant. In 2008, all this was to change and Ireland witnessed the worst recession in its history. The banking crisis, the construction sector and poor regulation were the major contributors in the Irish recession. A fiscal crisis erupted, NAMA (National Assets Management Agency) was established to secure bad loans in banks, and a EU/IMF bailout was agreed which burdened Irish taxpayers. I will explore the causes and consequences of the crisis in this essay.
...quired in relation to the skills available leading to the reduction of income inequalities and social cohesion compared with to rival economy’s such as China and India (Teaching and Learning Research Program, 2008.) The idea that a successful knowledge/skill based economy is the dependent of significant proportion of the work-force being in possession of a university level degree or the equivalent as well as higher access to opportunities within the Lifelong Learning sector, participation numbers have to rise to reflect this being beneficial for both individuals and society as a whole.
Pollard, A., Puvris, J. & Walford, G. 1988. Education Training & the New Vocationalism: Experience and Policy. Open University Press, Milton Keynes.
Australia, a country with total population of approximately 23,456,977 people (Australian Bureau of Statistics 2014) have shown to have an improving economy as the unemployment rate has fallen to 5.8% in March 2014. However, the number of full-time employment decreases by 22,100 whereas part-time employment increases by 48,200 (Australian Associated Press 2014). According to Denise Bradley review, he suggested funding an extra 330,000 graduates by 2020 to meet 40% population for tightening and strengthen the quality control of the future workforce (Slattery, L 2008). According to PC report, early school leavers are most likely to receive a lower pay compared to those of higher education level (McLachlan, R, Gilfillan, G & Gordan, J 2013). Based on that statement, the present research analysis was conducted to investigate whether is there any factual indication that there is a positive relationship between the level of education and the amount of wages earned.
...to the fact the being employed increases college graduation rate and teaches many skills that are not taught with in any level of school. The issue is increased as because many of these teenagers are also not in school. A possible solution to this problem is for companies to offer apprenticeships to promising high school students.
O’Sullivan’s (2006) argues that the Employability Paradigm which emerged in the 1970’s served to distinguish a group of students who were not achieving the standard needed to guarantee employment. Employability is the assessment of those with the lowest chance of success in an economically motivated nation. It posits that intervention is necessary to prevent those individuals who have failed within the system from being dependent on social welfare and subsequently from being socially excluded (O’Sullivan 2006). In the early 1970’s, Ireland’s entry into the European economy and the changing employment market combined to connect education attainment to employability. As a result, educational credentials became the accepted way of assessing ability and this served to focus attention on those leaving school early with little or no qualifications. O’Sullivan argues that while the policy of the state, on the surface, seemed to support equal opportunity with the provision of free access to secondary education, the reality for most working class students was far from equitable. There were limited interventions available for those who needed help to develop the skills needed to benefit from access to secondary education and these students became disenfranchised. The disc...
Back in the late 20th century United Kingdom faced the most rapid higher education growth which supplied a high number of skilled workers for the national labour market. Unfortunately, growing number of graduates made the economy suffer from the overqualified workforce. This abnormality caused the over-education of labour market since bigger number of population currently holds the graduate degree if compared to those who have high school degree (Coughlan, 2014). McGuinness (2006) described over-education as “the extent to which an individual possesses a level of education in excess of that which is required for their particular job”. However, Mertens (2003) analysed various analysis and supported the statement that over-education should be treated as short term phenomenon which is likely to restore in time. Likewise, Caroleo and Pastore (2013) added that this restoration is only likely if certain persistent and derogative problems do not occur. In other words, it means that over-education is short term phenomenon only when overeducated person keeps refining his/hers