Small business face additional challenge from rising minimum wage rate

Wednesday, 29 January 2020

In advance of the increase in the National Minimum Wage to €10.10 from Friday, 1 February 2020, Sven Spollen-Behrens, Small Firms Association (SFA) Director, stated: “The National Minimum Wage has increased by 16.8% since 2015. Small employers have stretched to meet the challenge set by these significant rises on top of increases in utilities, insurance costs and rates bills. 

“We cannot repeat the mistakes of the recent past by allowing costs to get out of control in times of economic growth. The upcoming General Election presents the next government with the opportunity to reconcile pay demands with threats to competitiveness and to act to limit increases in areas they control.”