Holly Cairns’ opening salvo strikes an economic chord via IrishTimesBiz
It might have the hallmarks of a trite, political soundbite but Holly Cairns’ comment in her first Dáil contribution as leader of the Social Democrats – “I’m a member of the first ever generation who will be worse off than my parents” – is more grounded in economic reality than some would like to admit.
It is, more or less, fair to say, as Irish Times columnist Finn McRedmond pointed out recently in her response to Cairns’ comments, that wealth and wellbeing “”, even if they are necessarily and fundamentally conditioned by those factors.
The point about social progress is well taken. But it isn’t just, as she says, that young people face a “hostile and unforgiving” property market or that they’re “anxious about home ownership”.
Economic facts such as these comprise the bedrock of social and political life and pointing them out isn’t a question of pessimism or optimism. It’s more so a question of diagnosis and treatment. Trends, after all, can be arrested and often reversed by well-directed policy. As Roantree and company pointed out nearly two years ago, policies that tackle the “root causes” of high rents and the provision of “high-quality active labour market programmes” would be particularly helpful in that regard.
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