Sunday, November 21, 2010

80 Billion pounds BAILOUT for Ireland

Telegraph: Reports that Ireland will ask for a bailout of up to 100 billion Euros, that around 85 billion pounds. Thus this bailout will cover the banks and the Government debt, the price folks, that is a lot worse than the UK austerity package of the UK Government, they are even cutting the minimum wage folks, this will hit the poor, but this is the sad part it just might help the economy, a minimum wage is all well and good when the economy is going great but when your in the recession the minimum wage can throw older workers out of work, if your in business and you have to pay someone younger less of a wage than a older person you will get rid of that old person. This is the real world folks, it has to be asked should the UK also balance out its minimum wage, thus its costs an employer the same to hire and older person as someone younger, in these hard time folks the question has to be asked, how many older workers are thrown on the dole due to the fact of their age.

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