Comment
Maeve McElwee: Job losses and closures will be cost of not backing businesses
The government’s plan to replace the national minimum wage with a ‘living wage’ by 2026 must be backed by essential supports to employers
It has been widely reported that the Low Pay Commission made a recommendation to increase the national minimum wage by 12 per cent, or €1.40, which would bring it to €12.70 in January 2024.
These recommendations form part of the government’s wider plans to replace the national minimum wage with a new, higher “living wage” by 2026. The living wage will be set at 60 per cent of hourly median wages in line with the ...