The Government is set to sign off on plans this Wednesday that will raise the minimum wage to €11.30 an hour in 2023.
The 80 cent increase is one of several recommendations made in a recent report by the Low Pay Commission. The move would likely be introduced in January 2023 to coincide with changes expected for USC and PRSI.
The Government is also expected to approve plans to introduce a living wage, a rate of pay that will allow working adults to have a comfortable standard of living. The living wage would eventually replace the minimum wage in several years’ time and is proposed at €13.70 an hour.
