Il salario minimo irlandese supererà i 14 euro l’ora: ciò causerà inflazione?

Well it did last time, so yes. All those restaurants and bars and shops need to increase prices to cover the higher wages.

Yes, higher wage costs, prsi costs, pension contribution costs. Those earning over minimum wage will be screwed, won’t see near the same increase if any

Edit: no idea why I’m being down voted for stating objective fact, this will do nothing to increase real wages

And the new pension is from nett salary, so wages will go down. I know it’s only nominal but I see a storm brewing as the new pension (1.5% paid by employer) will also affect pay increases. In other words staff won’t get them. This is a problem, with increased min wage, as SME’s will struggle with all the costs, obviously making it harder to survive.

The government still doesn’t tax REIT let the average person foot the bill. It’s a joke if you need a list of action on how to cause a housing crisis just do everything the Irish government has done in the last 10 years.

No, the employers will absorb the additional cost and reduce their profit margins.

I suppose I should put an /s here.

A child will work it out.

Of course if costs increase, so do prices for services / products. How else would it be?

Higher min wage. If you increase that, other employees on non-min wage will also ask for rise. Then there is higher PRSI, higher pension. More to pay for holidays. Etc.

https://preview.redd.it/wae23n72iuyf1.jpeg?width=640&format=pjpg&auto=webp&s=0bffa8764d7e7c5f16bd76d994186d7030d36237

Still too low

Just being alive causes inflation.
The price of milk and butter has never deflated in my life time.

Yes, it can, in two ways.

The obvious one is employers raise their prices to cover increased labour costs. But that effect is fairly weak, because increases in minimum wages are retrospective: the inflation has already happened, and minimum wages are catching up.

The other way is more interesting. Give a well-to-do business owner €1,000 windfall, and she’ll probably put it in a savings account, dreaming of another buy-to-let mortgage or something. That’s not because she’s especially prudent; it’s because she already has most of her immediate wants and needs met.

But if you transfer that €1,000 to her workforce through a rise in the minimum wage, most of it will be quickly spent on things that improve quality of life. Shoes, Nintendo Switch, driving lessons, tooth implants, an evening at the pub … whatever it is people spend their money on. That’s what gets an economy moving. But if this pushes demand above capacity – if dentists and driving instructors are already fully booked – then prices will go up.

Inflation causes the need for higher minimum wages.

The minimum wage should be set to rise every at say 10 or 20c every year with a review every 5 or 10 years.

Waiting every few years to lob 60 or 70c on causes massive shocks to small and medium businesses and combined with the new pension laws this year too I’ve talked to a few people saying they’re trying to sell up and get out.

They don’t see a way they can absorb the cost. And they can’t see a way they can pass on the cost without losing custom and driving custom to the major corporate players

Fact is that labour is vastly undervalued and misunderstood from a business perspective and instead of putting money where it belongs, i.e in the person who makes the moneys pocket. Labour is used as a way to save on money, which is such a blinkered short term approach, as to be negligence at worst, and sheer wilful ignorance at best. Really is an absurd situation.

If wages make up 10% of your costs, a 10% increase in minimum wage would justify a 1% increase in your sales price.

I’m more than willing to pay an extra 5 cents for a hamburger.

I don’t really see minimum wage as pushing up inflation, rather that inflation’s pushing up the minimum wage. You couldn’t live on it.

ah the days where u can but a freddo for 50c