Lifting the minimum wage is gesture politics, paid for by employers
Published 22/07/2015 | 02:30
On the face of it, things like raising the minimum wage are what Labour is in Government to do. But a 50-cent "hike" for employees is gesture politics. Nice to have but hardly meaningful. If you're working an eight-hour shift, with say an hour for lunch, the 6pc increase means an extra €3.50 in gross pay at the end of the day.
An employer, however, may beg to differ. Across a number of staff, that 50-cent increase will add up and potentially affect margins.
So is the hike affordable and justifiable? Businesses cry poverty and say no way; trade unions argue it doesn't go far enough.