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The Living Wage

The Living Wage

July 16th, 2022

If this Government gets its way, the minimum hourly rate that every adult (20 + years of age) worker will be paid from 2027 will be in the region of €14.11 (assuming growth of 3% of the median wage).

This would be achieved by annual increases of 72c per hour onto the current National Minimum Wage (NMW) between now and 2027.

The LPC (Low Pay Commission has stated that if their recommendation (of 60% of the median hourly wage) is accepted and implemented, the living wage would be calculated as outlined.

The Five-Year Transition                               3% Growth in Median Earnings

(Download PDF)

The Age differentials (for those below the age of 18, and those aged 18 and 19, currently part of NMW laws, would be retained in the Living Wage structure, at the same (70%, 80% and 90%)  refer as correctly  pertain.

 

 

 

 

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