Ibec Podcasts
Through our podcast suite we provide expert analysis and best in class advice on the issues that matter most for business. We have a lot to say, are you listening?Brought to you by Ireland's largest and most influential business lobby group. Explore our full podcast suite at www.ibec.ie/podcasts
Ibec Podcasts
Safeguarding Ireland's competitiveness: Budget 2024
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Ibec
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Season 1
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Episode 29
In this episode of Ibec Responds, Ibec Chief Economist, Ger Brady and Executive Director of Employer Relations, Maeve McElwee sit down to discuss upcoming budget and the far-reaching impact of increasing labour costs for businesses.
By 2026 Government plans to replace the national minimum wage with a new, higher living wage. This will be set at 60% of the hourly medial wages. Here, Maeve and Ger discuss the lack of urgency in mitigating the potential unintended consequences of what will be an enormous increase in operating costs for many businesses.
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