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Fine Gael’s Jobs Figures Don’t Add up Either – Tóibín

5 February, 2016

Sinn Féin spokesperson on Jobs and Enterprise, Peadar Tóibín TD has criticised Fine Gael’s Job Document for failing to present the true extent of joblessness, which is 18% when those who are underemployed and on job activation schemes are taken into account. 

Deputy Tóibín said:

“Fine Gael's job document is high on verbiage and low on action. Once we get behind the melee of management speak we see that it is little more than a strategy of bargain basement Corporation Taxes. When the positive tide of the external economic factors recedes the Irish economy will again be left exposed.

“The Fine Gael document is not honest about the figures and does not address the underlying issues. The broad jobless rate which includes those underemployed and those on activation programmes is 18%, compared with the narrow rate of 8.6% based on the definition of employment as paid work of at least one hour per week. 

“Add to this the 140,000 people net who have left Ireland due to lack of work opportunities and we see that Fine Gael’s legacy is almost 500,000 people, or nearly 25% of the workforce who are the collateral damage of FG policies.

“Ireland has a significant imbalance in terms of jobs policy. 90% of exports are from FDI and Ireland’s indigenous enterprise sector is significantly smaller and less export able than comparable EU nations. This leaves Ireland dangerously exposed to external shocks.  

“In EU terms, the government is divesting from communications, transport and educational infrastructure. Key success factors in any competitive economy.  

“There needs to be a greater emphasis on indigenous SMEs by opening up procurement to small businesses, and maximising this annual €12 billion stimulus for domestic businesses. This should be part of a long-term commitment to building up Ireland's business environment through broadening Ireland’s narrow credit sector and reforming sheltered sectors such as legal services and upward only rent.”

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