The Oireachtas Committee on Enterprise, Trade and Employment will meet today to discuss the cost of living, the minimum wage increase and the Low Pay Commission report.
TDs and senators will hear from the General Secretary of the Mandate Trade Union, Gerry Light and the Chair of the Low Pay Commission, Ultan Courtney.
Earlier this month, the Government announced that it was accepting the recommendation of the Low Pay Commission to increase the National Minimum Wage by 80 cent to €11.30 per hour from 1 January, 2023.
The Low Pay Commission also set an indicative National Living Wage for 2023 of €13.10 per hour.
The Government plans to phase in the Living Wage between now and 2026 – when it will become mandatory.
In the meantime, it will be revised annually as a benchmark for employers.
Since 2015, the National Minimum Wage has increased from €8.65 per hour to its current rate of €10.50 per hour and will now increase to €11.30 in January.
“We welcome the opportunity to discuss the cost of living and changes to the minimum wage in light of Budget 2023 being announced yesterday,” said Enterprise Committee Cathaoirleach Maurice Quinlivan.
“We also welcome the opportunity to discuss the report of the Low Pay Commission and the impact of the minimum wage increase on businesses and employers amid rising energy costs, pension enrolments and rising inflation,” he added.
Enterprise Committee to discuss cost of living, wages
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