The Irish government is signalling additional costs are on the way for small businesses in 2025, following the Low Pay Commission’s recommendation to raise the minimum wage by €1. This would see the minimum wage rise to €13.70 per hour.
It’s believed that Enterprise Minister Peter Burke is concerned the increase could place additional strain on small businesses already struggling with additional costs relating to auto-enrolment pensions, an additional bank holiday and statutory paid sick leave.
The decision ultimately underscores the delicate balance the government must strike between safeguarding economic stability and ensuring social equity in Ireland, highlighting the ongoing tension between fiscal prudence and the need for fair wages.
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