David McWilliams: Highly paid bosses make us all feel small
The head of Ireland’s largest listed company earns 267 times the average worker’s pay
In 2001, the chief executive of CRH, Ireland’s largest listed company, earned 50 times more than the average worker in the country. In 2016, he earned 267 times more than the average worker
While property prices in the country in general are still 33 per cent off their boom-time peak, property prices in Sandycove in south Dublin are only 5 per cent off their 2007 peak. They are likely to pass that peak by the end of this year and continue upwards.
The acceleration of Sandycove prices versus the rest of the country is what could be termed the “room with a view” premium. Houses that command a view of the sea or over the city lights have seen their value rocket by more than anywhere else in the past few years.