The inclusion of multinationals in our productivity stats was always going to lead to a faulty perception.. According to the Central Statistics Office (CSO), Irish workers generated an impressive €97 worth of value for every hour they worked in 2023. It was almost entirely predicated on the presence of high-value multinationals in the Irish economy. Labour productivity in the multinational-dominated foreign sector, as distinct from the domestic economy, was a whopping €381 per hour in 2023, according to CSO. The inclusion of these companies in our productivity stats was always going to lead to a faulty perception.

Source: The Irish Times May 19, 2024 15:42 UTC