The increase would equate to an extra €39 per week or €2,028 per year for minimum wage workers who work 39-hour weeks, which is a big help to many households in the midst of the cost of living crisis
Workers could be in line for handy wage increase as there has been a recommendation to raise the minimum wage by €1 an hour.
The increase looks likely to come into effect in the upcoming Budget, after the Low Pay Commission is understood to have recommended increasing the basic pay rate to at least €13.70.Read more:Social welfare Ireland: Thousands more people eligible for €924 towards heating costs The Government aims to replace the minimum wage with a new living wage by 2026. It will be set at 60% of median wages across the economy. In 2022, former tánaiste and enterprise minister Leo Varadkar announced the introduction of a national living wage for employers.
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