IMF targets minimum wage for employment-driven recovery

A cut to the minimum wage to reduce labour costs has been recommended by the IMF in its latest review on Ireland’s recovery.

The IMF report also suggests that the use of the private sector to train or help upskill unemployed people could play a useful role if well designed.

The IMF notes that rents have fallen and that Ireland’s national minimum wage (NMW) is higher than in the North and in Britain.