tag:blogger.com,1999:blog-8817171247555815363.post3529252156428381747..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 22/5/2014: Labor Mobility within Currency Unions & some Implications for IrelandTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8817171247555815363.post-29018368419469680972014-05-24T13:35:07.656+01:002014-05-24T13:35:07.656+01:00I was a net contributor to the taxation system in ...I was a net contributor to the taxation system in Ireland. I left, I took my job with me and my taxes aren't paid to Ireland anymore. Those who stay can't be assumed to be automatic direct replacement revenue creators for those that leave.<br />I haven't read the article but I think it would be better to look at like Germany which is mostly heterogenous as a nation despite a couple of decades of partition but has a poor eastern side and a wealthy western side despite wealth transfer from west to east; people just don't want to live in less vibrant areas and that is something that an economics study can't factor for.<br />Supercities like Berlin, Frankfurt, London keep growing while paroachial places loose population.<br /><br />There is a consensus that in Ireland the go getters "got up and left" and left behind over the last two centuries are less able, less capable people.<br /><br />The young qualified people of Spain and Greece who aren't being given opportunities locally have invaded Germany leaving what behind them?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-68258695718447580972014-05-24T12:02:27.616+01:002014-05-24T12:02:27.616+01:00Actually, the paper clearly shows that labour mobi...Actually, the paper clearly shows that labour mobility effect can be positive or negative in the crisis and their policy conclusions are conditional on which type of economy is dealing with the issue of labour mobility. So quite the opposite of what you state here...TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-24502654853516934742014-05-24T00:33:21.990+01:002014-05-24T00:33:21.990+01:00Labour mobility contributed to the bubble in Irela...Labour mobility contributed to the bubble in Ireland by lowering unit labour costs in non unionised industries and increasing demand for housing.<br /><br />Freedom of movement is not to be mentioned by Irish economists except in glowing terms. We are to believe adding hundreds of thousands of people to the country hasn't contributed to house price inflation(and rent inflation in the capital).<br /><br />Anonymousnoreply@blogger.com