Minimum Wage Levels have not risen in Ireland since 2007 .
These are the legal minimum rates of pay in Ireland for 2014
Experienced adult worker €8.65 per hour
Over 19 and in 2nd year of first employment €7.79
Over 18 and in first year of first employment €6.92
Aged under 18 €6.06 per hour
Employee aged over 18, in structured training during working hours
1st one third of course €6.49 an hour
2nd third of course €6.92
3rd part of course €7.79
These minimum wage rates have been in effect since July 2011 and are valid during 2014 too.
Someone on the minimum adult wage of €8.65 an hour would earn €340.60 for a 40 hour working week – or €17,992 gross over a full year.
A single minimum wage earner will be taxed – and will have deductions of €300 for income tax and €78 for Universal Social Charge over the year – resulting in a net weekly pay of just €329.12 (€8.23 per hour)
A comparison in 2012 showed that after adjusting for “Purchasing Power Parity” Ireland had the fifth highest Minimum Wage in the European Union. (Behind Luxembourg, Netherlands, Belgium and France) and just one spot above the UK.
The minimum wage was introduced in Ireland in 2000 . The current level of minimum wage (€8.65) was set in 2007 and it has not risen since then. It was cut briefly to €7.65 in 2011 – but that cut was reversed soon after it was made.