Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

What a difference three years makes: How the OECD’s public and private sectors have fared

  • Pavement Trauma ,

    Good post Ronan, very interesting but for the sake of clarity please revamp the second graph to make the numbers positive, rather than negative. It really takes a moment to work out that a negative fall in spending actually means a rise(and ditto for taxes)!

    Couldn’t agree more on the last point on committments to spending. A lot more spending programs (and tax cuts) should have built in review & reset dates, otherwise they continue on ad infinitum under their own momentum.

    • Ronan Lyons ,

      Hi Pavement Trauma,
      Unfortunately, the charts sort of need to be the way they are if it is visually to make sense. (That is: down is bad, up is good, in both charts.) I’ll see if I can clear up the text so it makes more sense.
      Thanks for the comment,
      Ronan.

      • John ,

        Looking at the first chart, have wages in the private sector in Ireland only fallen by about 2.5% in the last 3 years?

        • Tom Grey ,

          How about ordering the first chart countries the same as the second chart? Where the order clearly makes sense (I don’t see the ordering principle for the first chart).

          I have to also say that I think an increase in wages is good, and a fall in wages is bad. So Poland’s +15% should be blue above my “good” line. I realize wage increases reduce company productivity, but from a worker’s point of view, the need for productivity at the company level is to increase the worker’s wages.

          (From Marginal Revolution; really nice charts here. Thanks)

          • Ronan Lyons ,

            Hi Tom,
            Thanks – good suggestions re the charts. I did the charts here purely from a wage bill perspective, hence more wages = bad, but as you note, if it represents higher productivity, everyone wins, firm and worker.

            Ronan.

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