Government approves plan for new national living wage

The new living wage will be phased in over a four-year period starting next year and will be set at 60% of the hourly median wage.

A new national living wage has been agreed and will replace the minimum wage by 2026, it has been announced.

The new living wage will be phased in over a four-year period starting next year and will be set at 60% of the hourly median wage. In 2023, it is estimated that 60% of median earnings would equate to approximately €13.10 per hour.