Minimum wage impact on other salaries

[Purple]

Failte Ireland also have a report on the topic, though upon first glance I can't see a date.
They say that wages make up 25% of overall costs, 30% including VAT (I don't know how that's worked out).

 

[thedaddyman]

That the question the OP asked. Have you anything to substantiate that conclusion?

Minimum wag has gone up in total by 20% in the last couple of years, I doubt very much that there are many further up the line on higher salaries who have got a 20% wage increase in 2 years.

Be interesting to see how companies who pay the "living wage" respond to the minimum wage increase.

 

[elcato]

Be interesting to see how companies who pay the "living wage" respond to the minimum wage increase.

Can't wait to see how Sinn Fein will respond at their next HR meeting

 

[Dr Strangelove]

My own feeling is that minimum wage does not matter when economy is at full employment like it is now. But when the economy is in a downturn a minimum wage of €13.50 will stop some employers from hiring at all.

Many have forgotten but the troika forced Ireland to cut the national minimum wage from €8.65 to €7.65 in late 2010 when unemployment was 14% but it was the first thing that the incoming FG-Labour coalition reversed when it come into office a month or two later.

Personally I think minimum wage legislation should have in-built flexibility to provide for a reduced rate during tough economic times but not many politicians have the courage.