The Government continues to monitor wage movements in the labour market, and related developments in Employment Regulation Orders, Registered Employment Agreements and Social Welfare rates, so as to ensure that the National Minimum Wage, at its current rate, is not having an adverse effect on vulnerable workers and enterprises in a time of rising unemployment and declining nominal wages.
The guiding principles that inform adjustments to the level of National Minimum Wage under the provisions of the National Minimum Wage Act, 2000, require account to be taken of the likely impact of any proposed change on employment, unemployment, overall economic conditions and national competitiveness.