OECD survey on Ireland highlights high level of income inequality – Reilly
Sinn Féin Seanad Finance Spokesperson Senator Kathryn Reilly has today raised the worrying issue of income inequality in Ireland as highlighted in an Organisation for Economic Cooperation and Development (OECD) survey released earlier in the week.
Senator Reilly said:
“Anyone who has read the OECD economic survey on Ireland will tell you that there are positive aspects to it, however, the survey also highlights some very worrying evidence.
“The report is particularly critical of the level of income inequality in Ireland, given that it is the highest in the OECD. A common theme of the survey’s chapter on ‘creating a more inclusive Ireland’ is the worry that as Ireland recovers many could be left behind.
“The OECD states getting people into better paid jobs as a priority in ending income inequality. However, as Eurofound’s ‘European Jobs Monitor 2015’ recently highlighted in relation to Ireland, there has been a consistent hollowing out of good middle income jobs and an increase in low paying jobs. This has the result cause of creating both income inequality and in-work poverty.
“The OECD also addressed the issue of the low level of social mobility in Ireland as a contributor to inequality.
“If the recovery that the government speak of is to be meaningful then it needs to address the issues of inequality and the prevalence of in-work poverty which is the result of low-paid employment. The best way to do this is to establish a living wage and peruse growth-led policies which will help with the economic recovery.”