How agriculture and the food industry are responding to Ireland’s high levels of unemployment and its costs

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“Because it’s tied to the euro, Ireland hasn’t been able to devalue its currency like it could before joining the monetary union. So the country has had to regain its competitiveness relative to the rest of the world in a more excruciating way: by lowering the prices of goods and labor in real terms. For many, that means less pay for similar work, or a switch to a lower-paid job, after years of wage increases that followed Ireland’s adoption of the euro.

The Irish government has responded in part with a massive retraining program. People who built careers, and comfortable lifestyles, in sectors such as construction, hospitality and retail are being trained for new lives often in jobs their parents and grandparents once held—in industries such as farming and meat processing.

It is a painful recalibration for many, promising a bleaker existence and less-exciting work.”

 

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One thought on “How agriculture and the food industry are responding to Ireland’s high levels of unemployment and its costs

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