ISME warns no justification for €1 [8%] rise in minimum wage

http://www.rte.ie/news/business/2024/0815/1465194-isme-warns-no-justification-for-1-rise-in-minimum-wage/

Posted by badger-biscuits

22 Comments

  1. KillerKlown88 on

    >”With inflation currently running at just 2.2%, there is no justification whatsoever for a minimum wage increase almost four times that rate.”

    Conveniently forgetting the much higher rates of inflation during the last year.

  2. I’d absolutely hate to me on minimum wage. I don’t begrudge any of the employees. I’m on nearly 3 times the proposed minimum wage and it’s not great.

  3. Charming-Potato4804 on

    I get give or take, it works out at about with expenses 140,000 a year and I pay 30.3% tax on that, so it’s about a net 100,000 and out of that 100,000 I run a home in Dublin, Castlebar and Brussels. I wanna tell you something, try it sometime…

  4. “The alternative will be business closures and job losses,”

    If you can’t afford to pay staff, then your business isn’t viable.

  5. RocketRaccoon9 on

    My partner’s sister worked for CEX who refused to pay the extra euro for minimum when it was announced. First they claimed ignorance saying they didn’t know it increased, then argued about increasing their wages saying they couldn’t afford it.

  6. TragedyAnnDoll on

    HR student here. As part of my school, I met with many HR people in Dublin who shared even they were commuting in from 2 hours away and so was baseline staff. Same in Limerick, had people who had to live in Galway and other places far off because no one can afford the rent. Fuck off no reason to raise it. What is this, America where they haven’t raised the minimum wage beyond $7.25 since 2007?

  7. Lads…if your business can’t afford to pay staff minimum wage it’s time to close up shop. Clearly your product/service is not good enough to be a real business. There was even a report a few months ago showing Irish SMEs are the least productive in Europe.

  8. Small business owners: “We can’t find staff. Nobody wants to work anymore!”

    Also small business owners: “We shouldn’t have to pay our staff enough to survive!”

  9. Put the bosses on the minimum wage for 6 months.

    Or to steal a piece of graffiti I saw “Put the politicians on minimum wage and see how fast things change”

  10. Feel like they should really consider different rates for Dublin and the rest of the country at this stage. 12.70 goes a lot further outside of Dublin than in Dublin.

  11. TheMadEscapist on

    God forbid I not get slightly more money every week because of some squalid fucks can’t manage their money,

  12. willowbrooklane on

    No justification for the continued existence of these business cartels considering they already control nearly every single government policy

  13. Mundane-Wasabi9527 on

    Anyone here on 28k now on minimum wage? Two years ago was on 24k a year and didn’t realize I was on minimum wage worst job I ever had.

  14. Defiant_Leave9332 on

    The biggest problem with increasing the minimum wage is that the consumer is the one who gets hit with it (I.e. prices will rise so profits remain the same or higher than before the wages increased).

    Given that inflation has been crippling to so many already, this will just add fuel to the fire.

  15. Mundane-Wasabi9527 on

    So this will be Grad programs will be paying less the minimum wage in some firms.

  16. The problem here isn’t minimum wage , a lot of businesses pay a good bit higher than minimum wage , the problem is the knockon effect . As soon as minimum wage rises every single employee under the sun will suddenly want a wage increase even those not on minimum wage.

    My company is paying €15 an hour in an entry level manual labour job very mild and not that strenuous to be fair, the people coming in at this wage have no experience , entry level. Anything less than €15/h for this entry level position and we can’t find employees to work so we have to start pay at €15
    . We’ve tried raising our prices to accommodate for giving our employees higher wages and we’ve lost a lot of business as a result because of the larger scale companies doing work at far less than what we can feasibly do.
    They have far more buying power than we do so they get their raw materials for far cheaper and their operation is far bigger so they can get through a lot more work than we can , enabling them to undercut most of the smaller businesses in our industry by a good margin.

    It’s not about the fact that companies don’t want to pay minimum wage, because there are a lot of companies where there isn’t a single person on a wage that low +my company for example , not a single person there earns less than €15/h but it’s the knockon effect that were worried about

  17. hopefulatwhatido on

    Maybe we should peg all our wages with housing inflation at the very least. Maybe just maybe the term minimum wage should actually reflect being able to afford rent for a studio instead of having to rent a box room with bunch of strangers that significantly reduces the quality of life, personal liberty and all that craic. Minimum wage has lost all its meaning – it shouldn’t be what employers are willing to pay.

  18. eggsbenedict17 on

    Naturally they will quote inflation figures when it suits their narrative

    No mention of 8% of the last 2 years tho

  19. MidnightLower7745 on

    Can we all agree to please stop using the term living wage, people get to just shrug it off as airy-fairy (because it kind of is). CPI+H (or inflation plus housing, if you’re not a fan of brevity) is much better.