As inflation rates reached a 40-year high of 9.1%, An Tánaiste Leo Varadkar confirmed he is to bring a recommendation from the Low Pay Commission to increase the minimum wage, to Cabinet next month.
In January 2022, the minimum wage increased by 30 per cent to €10.50 per hour but it is yet to be confirmed what this proposed increase is likely to be.
A number of opposition politicians have called for increases ranging from €11.50 per hour to €15 per hour.
In its next Budget, which will be announced on 27th September, the Government will introduce a number of measures to help soften the impact of the increasing cost of living. In the past, any increase to the minimum wage took effect from 1st January, giving employers some time to prepare for the changes.
It is also expected that the minimum wage will be replaced by the living wage and that this will be phased in over four years, according to Varadkar.
 CSO, Consumer Price Index, July 2022. https://www.cso.ie/en/statistics/prices/consumerpriceindex/
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