The reference hourly living wage rate should rise to €14.80 per hour according to the Living Wage Technical Group (LWTG).
The living wage is seen as the minimum rate required for a full-time worker to afford the goods and services that people have agreed are essential for enabling a life with dignity.
Last year, the Government agreed to the introduction of a new national living wage to replace the minimum wage by 2026.In 2023, it is estimated that 60% of median earnings equates to around €13.10 per hour.This will be followed by gradual increases until the minimum wage reaches 60% of hourly median earnings.
"The Republic of Ireland Living Wage was established in 2014 and is part of a growing international set of similar figures which reflect a belief across societies that individuals working full‐time should be able to earn enough to enjoy a decent standard of living and meet minimum essential living costs," Mr Thornton said.
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