Ireland’s minimum wage ‘needs to be cut’

Ireland’s minimum wage of €8.65 per hour is too high and needs to be cut, a senior economist said at the CIPD Ireland annual conference this week.“The current minimum wage was a reflection of the essence of the bubble economy which inflated the values of goods, property and labour,” Jim O’Leary, economist at Maynooth university, told the conference in Dublin.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission