The Government is set to scrap minimum wage in the country and introduce a living wage by 2026.
Tanaiste Leo Varadkar announced this afternoon that the plans would see the living wage set at 60% of the median wage in any given year with the minimum wage rising each year until it catches up with the living wage.
The living wage in Ireland currently stands at €12.17 - an increase of almost €2 on the minimum wage of €10.50.