Emigration from Ireland in recent years has increased - Leaving Cert Economics - Question 6 - 2013

1. Economic recession in Ireland: The recent economic downturn has led to high levels of unemployment, prompting many individuals to seek better job opportunities abroad.

2. Higher standards of living elsewhere: Many people perceive that other countries offer better living conditions, making the prospect of emigration more appealing.

1. Reduced workforce: Emigration leads to a decrease in the working-age population, which can hinder economic growth and reduce the tax base.

2. Increased reliance on social welfare: As individuals leave, the government may face increased pressure to provide social welfare to those who remain unemployed, putting a strain on public finances.

1. Increased government expenditure: An aging population may require more government spending on healthcare and pensions, leading to higher taxes or reallocation of funds from other areas.

2. Changing nature of goods/services demanded: With an aging population, there may be a higher demand for healthcare services and products, impacting market dynamics.

To reduce the cost of future pensions: By increasing the retirement age, the government aims to lessen the financial burden on state pensions, allowing individuals to contribute longer to the pension system.

Quarterly National Household Survey.

1. Worldwide economic recession: The global downturn has led to decreased demand for goods and services, resulting in job losses.

2. Relocation of businesses outside of Ireland: Many companies are relocating to countries with cheaper labor costs, further contributing to job scarcity.

Increase spending on local products: By purchasing Irish goods, consumers can support domestic businesses, helping them to grow and create more jobs.

Provide subsidies to employers: Encouraging businesses to hire additional workers through financial incentives can help to reduce unemployment rates.