The perils of prematurely celebrating economic success
By trumpeting its own economic success prematurely (in terms of the electoral cycle) the government committed a cardinal political error. It now faces a year-and-a-half of mounting economic demands on it when it has the least political strength to resist these demands. Last week Jack O’Connor of Siptu forecast a wage “explosion” next year with thousands of workers lodging claims for pay increases. In the unlikely event that the government manages to jump out of the water charges frying pan, it may simply land in a fire of industrial unrest and unmanageable expectations.
Independent journalism every day
With digital access you can read The Business Post whenever, wherever, and however you want.
- Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
- Breaking news, comment and analysis from the best Business Post writers seven days a week.
- Live blogs of major news events
- Access to The Business Post's extensive archive