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
Matt Shanahan (Waterford, Independent)
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Does it suggest to Dr. Bambrick that those two sectors are very prone to competition? In particular, I think retail will see the most fall off in jobs over the next three to six months. I think it will be the sector that suffers the most. In fact, it is already happening largely because of competition, inflation and affordability. Although we want to raise wages, how does it help workers if we increase business costs at a time when business volume is reducing? Regarding whether we do a one-step or phased increase, I do not think we have a choice other than to consider a phased increase. We have full employment.
What is Dr. Bambrick's perception of the labour market over the next six months in terms of where she sees indicators going?