The living wage has seen an increase of 60 cents.
The Living Wage Technical Group have recommended an increase in the living wage.
They have suggested it rise from €12.30 to €12.90 according to the latest figures.
The LWTG are responsible for calculating the rate on a regular basis.
They calculate it based on the minimum income needed for a full-time employed single adult.
The income must meet this adult's basic needs and allow for an acceptable standard of living.
Just for reference: The Living Wage isn’t a luxury wage. It allows you to eat, sleep, buy a newspaper and maybe go to the cinema every few weeks. There’s now a €105 per week gap between Ireland’s minimum wage and our Living Wage. There’s no legitimate excuse for that.
— Craig McHugh (@craigmchugh16) September 29, 2021
The 'Living Wage' differs from the national minimum wage. It currently stands at €10.20.
According to the group, they've suggested the increase due to the higher cost of rent, transport and energy bills.
They said housing in Dublin in particular, on a 'Living Wage' net salary, accounts for 64.7% of their income.
Conversely, the cost of the likes of food, clothing and car insurance have decreased recently.
Nonetheless, the LWTG have made recommendations for an overall increase of 60 cent.
