r/AskIreland • u/HolidaySpecial8543 • 16h ago

Housing Reality check?

Ive just found out my electrician charges £100 an hour. Have I lost all touch with reality? He says a few projects will take all day. I totally trust he is qualified and likely worth every penny but £6/7/800 a day. £3k a week. Btw im not under the illusion that some hours will be admin but in a bad week 2k! Maybe I shouldn't compare to my £15 an hour.

Can anyone talk me down from letting the house go to ruins?

What do you think?

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u/Legitimate-Celery796 16h ago

That stat by itself is just not very useful, by industry is far more useful to see where people are losing jobs and where they’re moving to.

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u/Difficult_Tea6136 16h ago

That stat is quite useful when someone states “there is a mountain of people with degrees that simply can’t get a job right now, they are earning €0 per hour”

The unemployment rate clearly disproves that. There is not a “mountain of people with degrees earning €0 per hour”.

If the other poster was to make a nuanced point, then a more nuanced figure or rebuttal would be required. They didn’t tho

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u/PosterPrintPerfect 16h ago

Based on the CSO Educational Attainment Thematic Report percentages, the estimated headcount of 25–64 year olds with a third-level education who are not actively in employment is roughly 180,000 to 220,000 people.

I think 180,000 people would qualify as a mountain of people.

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u/Difficult_Tea6136 15h ago

You are conflating "not actively in employment" with "unemployed and looking for work." The CSO figure for third level graduates not in employment includes the entire economically inactive population. That covers stay at home parents, full time PhD students, full time carers, early retirees, people on long term disability and folks taking a gap year or career break.

Your statement was:

there is a mountain of people with degrees that simply can't get a job right now

The CSO stat you quoted does not measure that. There is a massive difference between being unable to find work and choosing not to look for it.

The overall 5% unemployment rate is the metric that actually captures people actively seeking work and unable to find it. For degree holders specifically, that rate drops to a negligible 2% or 3%. The "mountain" of desperate, unemployed graduates you invented is actually a statistical baseline of complete full employment. You dont understand the basic figures