Oireachtas Joint and Select Committees

Wednesday, 12 October 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Minimum Wage, Cost of Living and Low Pay Commission Report: Engagement with ICTU

Photo of David StantonDavid Stanton (Cork East, Fine Gael)
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I have a further question as I have a few minutes left. Deputy Bruton has already alluded to some reports and some that I think were in the Irish Independentthat 4% of 10,000 businesses are facing the restructuring, liquidation or dissolution of the business completely. Could increasing the minimum wage in those circumstances actually accelerate the closure of some of these businesses? We know from a more recent discussion that we had here that there are some methodologies where businesses can plead inability to pay and they do not do that. Why does ICTU think that they do not do that, if they cannot? They often instead go out of business or let people go.