Over paid and over here

Dubliner’s are amongst the highest paid workers in the world according to a survey by Swiss Bank UBS.

The Consumers’ Association of Ireland earlier this month published some pretty damming research about the difference in the cost of services between North and South. They claim many services carried out in Northern Ireland are on average between 25% and 45% cheaper than the same services in the Republic.

It found the cost of a car service in Belfast was on average 45% cheaper than a similar service in Dublin, while the cost of a gas boiler service was 33% more expensive in Dublin.

There were similar disparities found in the cost of dental, driving instruction and chiropractor services.

This is a real opportunity for entrepreneurs in the regions outside Dublin, North and South.

  • Mack

    It found the cost of a car service in Belfast was on average 45% cheaper than a similar service in Dublin

    Thing is, it all depends. I got my car serviced in Dublin earlier this year for the first time and it worked out a lot cheaper. It depends where you go and it pays to shop around – within Dublin as well as outside it.

  • Gréagoir O Frainclín

    “Dubliner’s are amongst the highest paid workers in the world according to a survey by Swiss Bank UBS.”

    An old song comes to mind…..

    “We’re in the money,
    We’re in the money;
    We’ve got a lot of what it takes to get along!
    We’re in the money,
    The sky is sunny;
    Old Man Depression, you are through,
    You done us wrong!”

  • steve white

    over paid?

  • fin

    bit of spin going on here, looking at the report Dublin is 10th for actual wages, however, for purchasing power it is mucher higher in 4th place, purchasing power is only relevant to the price of apples locally not elsewhere. With Sterling taking a battering at the moment the consumer report is pointless, if Belfast is 25-45% cheaper than prices including the exchange rate were similiar a couple of years ago and probably will be again in the future once currencies readjust. These 2 reports are not relevant to each other

  • Gréagoir O Frainclín

    See that Dublin ranks 25th of 215 in Mercer’s 2009 Quality of Living Global City rankings!

    http://www.finfacts.com/irishfinancenews/article_1016548.shtml

  • Mack

    Fin –

    Relative strength of the Euro has some impact, but low tax rates have much more (as it’s mostly European cities that Dublin leapfrogs thanks to low personal taxes). Ireland has the 10th highest Gross wages (and would appear even lower on a league table of employer cost due to low employer taxes) but is 4th in terms of net wages – thanks to low personal taxes.

    In terms of net wages it’s

    Zurich
    Geneva
    New York
    Dublin

    (page 9) –

    http://www.ubs.com/1/ShowMedia/wealthmanagement/wealth_management_research/prices_earnings?contentId=170298&name=PreiseLoehne_2009_e.pdf

  • Mack

    Scratch my reasoning above – the jump from 10th to 4th is entirely down to low taxes as the gross wages are already converted into a base currency for comparison.

  • Gréagoir O Frainclín

    Ah sure tis a great auld (and new) city. You folk up north should drop down and pay us a visit!

    http://www.daniel-libeskind.com/projects/show-all/grand-canal-square-theatre-and-commercial-development/

    http://www.macalloy.co.uk/projects/james-joyce-bridge-dublin/fss_get/image

    http://www.spencerdock.ie/national_conference_cenre

    http://www.thetemplebarpub.com/map/location.htm

    Gréagóir O Frainclín

    and again…..

    “We’re in the money,
    We’re in the money;
    We’ve got a lot of what it takes to get along!…………”

  • Gréagoir O Frainclín

    Ooops, here ye go again ….

    http://www.spencerdock.ie/national_conference_centre

    Opening for business next year!

    Gréagóir O Frainclín

  • Greenflag

    Why would anybody believe a survey coming from UBS that notorious financial recipient of tax evaders . It’s a bit rich to put it mildly (no pun ) coming from such a ‘reliable’ Swiss source
    🙁

    Perhaps this ‘news’will help distract from the ‘real news ‘re UBS which hit the headlines yesterday .

    as in

    A U.S. government official says Swiss banking giant UBS will give the IRS the details of more than 4,000 client accounts, under a deal to end a contentious international lawsuit,” the Associated Press reports. It adds that “the agreement is scheduled to be formally announced later Wednesday morning.”

    Reuters writes that the agreement is “aimed at uncovering thousands of Americans who are
    suspected of evading U.S. taxes.”

    According to The Wall Street Journal, the investigation “could produce in total 10,000 account identities, according to people familiar with the situation.”

    Update at 9:37 a.m. ET. The AP now adds that:

    IRS Commissioner Doug Shulman says Swiss banking giant UBS will give his agency the details of 4,450 client accounts suspected of holding undeclared assets.
    Shulman said in prepared remarks that the deal will give the IRS thousands of long-sought account names and is expected to provide even more UBS clients who voluntarily disclose their financial details to the agency. UBS has an estimated 52,000 accounts of U.S’

    UBS is of course just one Swiss Bank.

    As Switzerland is not a member of the EU and as no doubt many EU nationals have avoided national taxes by making use of Switzerland’s banking laws perhaps the time is coming for sanctions to be placed on Switzerland for it’s continuing role in actively protecting the loot of such well know national treasury looters as Robert Mugabe among others and there was that German post office executive scandal last year which made use of the ‘lax’ Swiss propensity to turn the other eye to money launderers and mafiosi Russian or otherwise .

    No doubt many of our local evader ‘boyos’ may be unearthed also . Well you would’nt expect them to give up after that Cayman Islands brouhaha a few years back would you ?

  • Greenflag

    Greagoir O Frainclin,

    A new song comes to mind…..

    “ We were in the money,
    We were in the money;
    We had a lot of what it took to get along!
    We spent the money,
    All of the money
    The sky’s no longer sunny
    Old Man Depression, you are back
    Doing us wrong!” ‘

    To be sung in black and white minstrel mode by the assembled members of the Irish and indeed British governments with the only change to attire being the faces reddened instead of blackened and a red nose (as in red nose day) plonked on the faces of said troupe as they exit off stage hopefully into an abysmal pit of cowshite 😉

  • OC

    “Over paid and over here”

    But not over sexed, it seems…

  • fin

    Mack, I meant the consumer report on the cheapness in the North does not in anyway connect with the UBS report, the ranking of 4th was in relation to local buying power. Although with lower wages it does highlight the low buying power of a Northern wage, what are those social and economic reasons of been in the UK again, are the Tories and unionists determined to keep Northerners poorer and in the UK or is there an intention to increase their lot in life, how can the wee statelet get by on a mere £10,000,000,000 pocket money.

  • Reader

    fin: how can the wee statelet get by on a mere £10,000,000,000 pocket money.
    Got a better offer? Thought not.

  • Gréagoir O Frainclín

    “A new song comes to mind…..”

    Ha, ha Greenflag….good one!

    “But not over sexed, it seems…”

    OC, Very wrong indeed!

    http://www.sexindublin.com/

  • OC

    Posted by Gragoir O Fraincln on Aug 20, 2009 @ 11:14 PM, quo he:

    “OC, Very wrong indeed!”

    I was worried for all my Irish friends there for a minute!