Falling prices and low-income households

12/02/2010

"Price deflation for low income families will be experienced at the lower rate of 2.2% and will do little to compensate for the real drop in incomes produced by Budget 2010. Indeed for many families household income will reduce further as a consequence of the increased costs of education, energy, health and transport.

In this context any change to either the Minimum Wage or pay rates agreed through Registered Employment Agreements will have the effect increasing hardship for those individuals and families currently living on or below the Governments income poverty line"


You can read the rest of Eoin O'Broin's post on Politico here.

Posted in: EconomicsLabour market

Tagged with: DeflationWages

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