But the minimum wage now at 12.70 is now close to what many blue collar workers earning in logistics, cleaning , retail etc. There is a huge swath of the Irish workforce earning 30 to 40k , that's 15 to 18 euros per hour. So the minimum wage is now approaching those wages. The median wage in Ireland last year was 40k so that bears this out. The politicians and talking heads love quoting average salaries which is distorted by very high salaries earned at the top level in tech and by the public sector, it also does not include part time workers like women etcMost people getting paid the minimum wage are young and/or part time employees.
Most of them are not blue collar jobs, rather they are in retail and services. The knock-on impact on wage rates is the big issue.
Exactly, so now all those people on 15 to 18 euro an hour will want a pay increase, and so on up the line until everyone gets a pay rise and nobody is better off.But the minimum wage now at 12.70 is now close to what many blue collar workers earning in logistics, cleaning , retail etc. There is a huge swath of the Irish workforce earning 30 to 40k , that's 15 to 18 euros per hour. So the minimum wage is now approaching those wages. The median wage in Ireland last year was 40k so that bears this out. The politicians and talking heads love quoting average salaries which is distorted by very high salaries earned at the top level in tech and by the public sector, it also does not include part time workers like women etc
Yes and this could be a problem for jobs in that then these become too expensive for employers and they reduce their headcount. Because politicians and talking heads are all on large salaries and have never worked in normal jobs , jobs that are not WFH and are a few euros above the minimum wage, they think that this will have no consequences.Exactly, so now all those people on 15 to 18 euro an hour will want a pay increase, and so on up the line until everyone gets a pay rise and nobody is better off.
Where I work we've reduced our headcount by more than 20% by investing in Robotics and automation.Yes and this could be a problem for jobs in that then these become too expensive for employers and they reduce their headcount.
I guess this won't be a problem for long as the *real* value of €12.70 continues to decrease.In some sectors it will make low skilled people unemployable because their economic value is less than €12.70 an hour.
What do you mean?I guess this won't be a problem for long as the *real* value of €12.70 continues to decrease.
do they say then how many workers were actually included in this statistic, the size of the dataset they used?It could be something to do with the comment below.
Only employees who work more than 50 weeks are included in the annual data.
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That suggests that increasing the minimum wage as a method of reducing the risk of poverty is 90% ineffective.In this article, old one where minimum wage was 10.30 euros, and 10% of employees were on it, and ireland had the highest proportion of workers on minimum wage that were third level educated in Europe.
I suspect that there are an awful lot more than 10% on minimum wage or a euro or two above it especially now that it has been raised to 12.70 euros. The self reporting statistic is bound to be understated in that for pride reasons people would not admit to being on minimum wage if asked in a surveyThat suggests that increasing the minimum wage as a method of reducing the risk of poverty is 90% ineffective.
That's the point though, isn't it. People with a low economic value risk being priced out of the labour market if the minimum wage gets too high. It's also inflationary.I suspect that there are an awful lot more than 10% on minimum wage or a euro or two above it especially now that it has been raised to 12.70 euros. The self reporting statistic is bound to be understated in that for pride reasons people would not admit to being on minimum wage if asked in a survey
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