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Can the Irish service industry be saved?

Minimum wage will rise to €11.30 per hour from January 1st, an 80-cent increase from the current wage at €10.50. There are hopes that minimum wage will be phased out and replaced with a living wage by 2026. But will this increase encourage people to...

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07.00 15 Sep 2022

Can the Irish service industry...

Can the Irish service industry be saved?

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Newstalk Breakfast

Newstalk Breakfast

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07.00 15 Sep 2022

Minimum wage will rise to €11.30 per hour from January 1st, an 80-cent increase from the current wage at €10.50. There are hopes that minimum wage will be phased out and replaced with a living wage by 2026.

But will this increase encourage people to re-join the workforce to save our service industry?

Tony Foley, Emeritus Associate Professor of Economics with the DCU Business school spoke to Newstalk Breakfast this morning to discuss.

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