I'm more curious than anything.
Minimum wage is going to 13.5 p/h in Jan 2025
That's 27,378 per year (based on 39 hour week)
It's the 2nd year in a row of min wage increase (and no doubt people need it)
For comparison, in 2023 , it was €22,916 (€11.30 p/h)
An increase of €4462 or 19.4% between 2023 and 2025
However , jobs that were previously in the 30k to 35k, 35k to 40k, 40k to 45k etc are now essentially having the earnings gap narrowed and it got me thinking that if minimum wage jobs are increasing , does it mean in theory "higher" skilled positions should also be moving up when offered to candidates ?
Are job seekers seeing it?
*I'm really only talking about new roles being offered.
*I appreciate those in positions already will need to ask for a raise
Just thought it was quite interesting when I saw the increases announced and it got me thinking.
Minimum wage is going to 13.5 p/h in Jan 2025
That's 27,378 per year (based on 39 hour week)
It's the 2nd year in a row of min wage increase (and no doubt people need it)
For comparison, in 2023 , it was €22,916 (€11.30 p/h)
An increase of €4462 or 19.4% between 2023 and 2025
However , jobs that were previously in the 30k to 35k, 35k to 40k, 40k to 45k etc are now essentially having the earnings gap narrowed and it got me thinking that if minimum wage jobs are increasing , does it mean in theory "higher" skilled positions should also be moving up when offered to candidates ?
Are job seekers seeing it?
*I'm really only talking about new roles being offered.
*I appreciate those in positions already will need to ask for a raise
Just thought it was quite interesting when I saw the increases announced and it got me thinking.