'Living wage must rise to €11.50/hour'
Published 06/07/2015 | 02:30
Soaring rents and the rise in the cost of car insurance means the "living wage" must be increased to €11.50 per hour, according to an expert group.
The Living Wage Technical Group - which consists of trade unions, think-tanks such as TASC and NERI, as well as Social Justice Ireland and the Vincentian Partnership for Social Justice - believes the current hourly rate of €11.45 should be increased by 5c to match the rising costs of living.
The group, which was established last year, believes workers should be paid at least €11.50 per hour to make "a minimum acceptable standard of living" possible. They said the increase in housing costs, household goods and services, car insurance and rising rents are the main drivers for the need of an increase.
This rate is 33pc higher than the minimum wage of €8.65 per hour currently paid.