Dáil Éireann Debate, Wednesday - 19 January 2011
107 Deputy Michael D. Higgins asked the Minister for Enterprise, Trade and Innovation if he intends to proceed with the provision contained in the Financial Emergency Measures in the Public Interest Act that allows for a reduction in the national minimum wage; the date from which it is intended to apply the reduction; and if he will make a statement on the matter. [2522/11]
View answerIn accordance with Section 13 of the Financial Emergency Measures in the Public Interest Act 2010, the Order to give effect to the Government's decision to reduce the national minimum wage to €7.65 was signed by the Minister for Enterprise, Trade and Innovation on 18 January. The reduction will come into effect on 1 February 2011. The adjustment of the national minimum wage to a rate more suited to current economic circumstances and the specific needs of our labour market should contribute to improving Ireland's cost competitiveness, stimulate enterprise growth and boost job creation.
I should also point out that even after the reduction to €7.65 per hour, the new rate of Ireland's national minimum hourly wage will remain in the top tier of minimum wage rates set by European Union Member States and will be about 12% higher than the equivalent minimum hourly rate applicable in the United Kingdom.
