This seems like a little excessive, while business have been milking "inflation" in terms of price rises, this won't stop it and may lead to some marginal businesses calling it a day.
https://www.irishtimes.com/business/work/2023/07/18/increase-of-more-than-12-to-minimum-wage-recommended-for-next-year-by-low-pay-commission/
...again folks, we re currently experiencing primarily supply side lead inflation, not demand side, this is ultimately not coming from an increase in pay, but from the likes of record profiteering by many major sectors of our economies..
Not everyone works for a PLC,nor do they always make increased profits.
The minimum wage should be abolished. It always has harmful effects.
And if workers aren't getting increases in line with inflation, then that money is going to shareholders instead, the wealthiest getting richer while everyone else gets poorer
If you give someone on 40k the same absolute Increase as someone on minimum wage then it's less than half the rate of inflation....
As someone who works in retail whenever the minimum wage rises it rises for all employees regardless of their wage. You now have sick pay to pay as an employer which will gradually increase. You will soon have pension contributions to make starting in the next two years or so. Retail is on its knees in our sector of it. Same in the UK. People, who have spare cash, are spending their money on holidays and entertainment.
The problem with such an increase, any in reality, is that it will increase the cost of living to where the increase for the recipient is wiped out so its constantly tail chasing. The only way an increase in wages would mean anything would be for the Government to reduce it's tax burden on workers. For the Government to take measures to reduce the cost of living ie more housing, free GP visits for all etc.
We are fast heading towards a Scandinavian level of cost of living.
Everyone on above minimum wage is a higher paid worker than minimum wage...
It's not just higher paid workers, it's everyone in-between.
A 10% increase for minimum wage workers is 1.30 an hour. A 10% increase for someone on 40k a year is 2 euros an hour, 4 euros an hour for someone on 80k yet some people will try to blame the minimum wage earners for the inflation rate going up.
The government should set a livable wage as minimum wage and raise it in line with inflation. If higher wage earners want to keep up withijinum wage workers, offer them 1.30 extra an hour. Most wouldn't even notice if they got it or not
Minimum wages push's all wages up. Increases inflation
Ultimately it hurts everyone because from a tea bag to a car the price increases.
Let the higher paid workers negotiate their wage with their employers like they already do. But minimum wages are set by the state and the state should ensure that there isn't an ever increasing gap between the lowest paid workers and the cost of living.
If that means inflation then so be it. Ultimately inflation hurts people who own debt.
Minimum wage doesn't live in isolation though. All pay grades above it are based on it. Raise minimum wage all other pay grades obviously have to increase and it would certainly contribute to inflation.
Minimum wages don't drive inflation. They very very rarely increase faster than background inflation, and if wages don't keep up with background inflation then it's just a transfer of wealth from the poor to the rich and that eats away at the fabric of society.
Minimum wages should be index linked and rise every single year. Corporations should be banned from writing in index linked price increases into their contracts ( like broadband providers increasing prices by inflation plus 3% every year)
The whole point of private capitalism is that entrapreneurs can do things more efficiently while in a competitive environment so they should be able to increase productivity through innovation and not just cutting employee wages and driving up prices
petrol and airplane fuel please
When minimum wage increases the cost of basic services increase, which causes inflation increases resulting in those using the services requesting pay increases to at least maintain their standard of living and on and on.
Let's put out the current inflation fire with some petrol!!!
It's getting to the stage that it's only young adults with no kids or a mortgage and are living at home with their parents can take up those CO jobs. The money is woefully sh1te.
I've no objection to a rise in the minimum wage but it would have a knock on effect for everyone else too.
If minimum wage goes up all pay scales will have to rise accordingly.
The ones who are going under don't go showboating on whatever tv station wants to parade the usual suspects on air.Restaurants and hotels together with pubs here have always had the poor mouth.There is a government department that inspects businesses for labour laws compliance.They obviously don't do their job 100%-possibly deliberately understaffed to avoid upsetting the business classes.If it did work then businesses would put up or shut up.
I think the biggest issue when an increase in min wage is announced is that people who are not on minimum wage won't see any increase and will think that's unfair. But that's a different arguement, should everyone elses wages go up too. I'd like it if they did, but they won't, and that's where I reckon people have issue with it. Won't affect me anyway.
We’ve been hearing the scaremongering about businesses going under for years because of a few euro increase in wages for staff and yet the same talking heads making those doomsday fears are rolled out every year making the same remarks and they’re never being pulled up.
In 2016, the Restaurants Association in its pre-Budget submission called for a freeze on the minimum wage until 2021. Five years. That is nothing to do with businesses going bust, that is complete and utter greed. The same group make demands about changing up the work permit rules because they can’t attract staff here. You literally couldn’t make it up.
Many small businesses out there don’t pay the minimum wage because they understand the value of good, honest, hard-working staff, and they’re doing just fine.
How much rent for the city centre location ? how many cups of tea do they need to sell before it covers the rent alone before electricity and staff costs
I am simply repeating the information provided to me by the proprietor.
Of course I know there are wages cost + overheads.
But even with a low selling price of 2.00 in a city centre, there is still an 85% gross margin.
There is plenty of gross margin to cover overheads.
Why do you want to take out some of the biggest expenses?
Mortgage/Rent/Insurance/wages/water charges/Maintenance for machines./Power (you're not just heating water)
While some places might be gauging. Removing the heavy costs to come up with the price of a cup is a bit disingenuous
Current minimum wage is 11.30.
That's equivalent to an annual 22,600.
Starting salary for a CO in the public sector is approx 26,500 (varies a bit between org-types).
Of course it would have an effect.
If Keeling cost goes up, then the price goes up. So they won't be up "s**t creek" because the customer is the one who will have to pay it
The likes of Keelings will be up s**t creek if this goes through, although are they even paying minimum wage already?
12% a recommendation only,not compulsory.But it is election time-soon.Should take care a sizeable part of the 65 Billion "windfall".Will,also bring into question the survivability of many small businesses.Cost piled upon costs
Pull the other one, I got charged 4 euro for a mocha yesterday.
Work is supposed to pay but it's not, especially when it comes to minimum wage and all workers who work deserve at least a living wage. Lots of people out there breaking their backs and barely making an living. Some people will tell them to upskill but if everyone done that, they'd be none doing these type of jobs and we saw that during Covid these people were essential but it seems not as essential to have a living wage.
People who work should be able to be able to pay rent and bills and live decent lives, not living week to week wasting away you're precious valuble time just so a select few get to live out the best of their lives at the expense of yours.
We keep hearing that it'll increase inflation but that was and still is happening right now, we have greedy corporations taking the piss! It's always funny that most of the people saying that minimum wage shouldn't be increase are not on that wage themselves and quite a number of them would be well off. I thought jobs were there to help people make a living?
Ultan Courtney caused some surprise when he told an Oireachtas committee that the commission had received submissions from a number of workers arguing against larger rises in the minimum wage rate on the basis that it might threaten their future employment.
I don't think i really believe this unless they have cheap foreign labour that they imported for this type of work just like when Covid the whole country was supposed to be closed down yet we were getting people in from abroad to pick strawberries.
I think the example of independent cafes, shops etc being under pressure over this is a bit of a red herring.
If an extra 1.40 per hour per staff member sends a business over the edge, it wasn't viable to begin with. How productive was that staff member to begin with?
A cafe for example, if they employ a staff member to make coffees, might make ten coffees per staff member an hour. The 1.40 increase adds 14cent per coffee.
If the cafe is highly popular, a staff member could make 30 coffees an hour. 3.5cent extra per coffee. A 1percent price increase roughly for a 12 percent increase in wages.
If your staff member is only making 3 coffees an hour, a coffee goes up by 46c per cup. But you'd have to question the business model of employing someone to sell 3 coffees an hour in the first place.
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