On 14 June Ireland’s government cabinet announced that the national minimum wage will be phased out by 2026 and replaced by a new ‘living wage’ that will be calculated annually and referenced against the median wage level. This unprecedented overhaul will require effort by companies and as such should be established on a gradual process.
While the Irish minimum wage currently stands at €10.50 per hour, the new ‘living wage’ in 2026 will be re-evaluated each year and will have to represent 60% of the median income for that year. This new calculation method should guarantee a higher legal wage, with for example the 2022 living wage calculated as €12.17 per hour, according to the government. The executive has specified that this 60% median income threshold was the maximum effort it considered would be possible to demand from busin
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