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OECD report underlines need for job creation strategy

7 July, 2010


Sinn Féin Finance Spokesperson Arthur Morgan has said the report from the OECD this morning underlines calls for the Government to bring forward a job creation strategy.

However Deputy Morgan rejected calls from the OECD for social welfare rates to be cut.

Deputy Morgan said:

“The report from the OECD this morning shows that the nature of Ireland’s economic recovery will be so weak that it is unlikely to absorb the growth in unemployment caused by the recession.

“This means that unemployment rates will continue to rise prolonging the hard realities of the recession. So, in reality, the consequences of the recession for ordinary workers and the unemployed are set to continue even after the recession has ended.

“This report underlines calls from Sinn Féin and others for the Government to bring forward a jobs creation strategy.

“However, I do not agree with the report’s recommendation for social welfare rates to be cut as an incentive to work. The fact is that there is no work out there and cutting social welfare rates will reduce the disposable income of nearly half a million people which, in turn, will further depress the economy.

“I do not agree that there is a significant body of people who are inclined not to work when work is available.

“Unemployment has grown from 4.4% in August 2007 to 13.3% in May 2010. Many of these people now face the prospect of long term unemployment. Many of them are skilled workers, many more of them are highly educated. They do not want to sit at home on the dole for the rest of their lives and it is an insult to suggest that they do.

“It is successive Fianna Fáil led Governments that have led us into the recession and it is the current Fianna Fáil led Government’s failure to deal with the jobs crisis that has led the current situation which will see unemployment continue to rise even after the recession has officially ended. They must bring forward a job creation strategy immediately.” ENDS

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