The minimum wage is set to rise next January for thousands of workers

The government will increase the minimum by 80 cents to €11.30 per hour.

The cabinet will approve the increase at a meeting tomorrow, and the change will come into effect on January 1.

The Low Wage Commission, in a report submitted to the government earlier this year, recommended setting the minimum wage at €11.30 an hour.

The new tariff is welcomed by thousands of workers, who are paid the current minimum wage of €10.50 per hour.

But companies struggling with energy bills will worry about the impact of the 80c an hour wage increase for all their employees.

About 10 per cent of workers in Ireland earn the minimum wage.

The minimum wage has risen steadily every year for the past decade – and the announcement generally comes ahead of the budget.

The government is also moving towards introducing a living wage to replace the minimum, aiming for it to be €13.70 an hour by 2026.

A living wage report aims to pay the minimum wage at €11.30 in 2023.

The cost of living crisis has put further pressure on the government to raise the minimum wage as those on lower incomes are suffering the most from the cost of living crisis.

The budget is expected to outline a range of financial supports available to minimum wage workers. The minimum wage is set to rise next January for thousands of workers

Fry Electronics Team

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