In summary
In Ireland there is a statutory minimum wage of 12.7€ per hour, which makes a minimum wage of 2146.3€ per month (7.6% in real growth terms comparing to the previous year). The MW is set by the government after taking account of the Low Pay Commission. The criteria guiding the adjustments of MW are recommendations of the Low Pay Commission, taking account of a 2022 Government decision, aim to increase the MW to 60% of the hourly median wage of all employees by January 2026. There are staggered sub-minimum rate for young workers aged 19 or younger. The gender pay gap is 9.3%, while the in-work poverty rate is 5.5%. Finally, wage inequality (calculated as Interdecile ratio P90/P10) is 4.5.
Minimum Wage in Ireland
Statutory Minimum Wage ?
              Yes
            
      Hourly Minimum Wage
              13.50€
            
      Monthly Min. Wage
              2282.00€
            
      MW as % Gross Median Wage
              50.00%
            
      MW as % Gross Average Wage
              38.00%
            
      Nominal Growth rate of Wages
              6.30%
            
      Real Growth rate of wages
              4.80%
            
      Real Growth rate of wages
              4.80%
            
      % of workers covered by minimum wage
              8.30%
            
      Automatic indexation of adjustments
              no
            
      MW setting procedure
              Government, after taking account of the Low Pay Commission’
            
      Criteria guiding adjustment of MW
              Recommendations of the Low Pay Commission, taking account of a 2022 Government decision, aim to increase the MW to 60% of the hourly median wage of all employees by January 2026. 
            
      Variations from statutory Minimum Wage
              Staggered sub-minimum rate for young workers aged 19 or younger
            
      Presence of variations from statutory minimum wages
              Staggered sub-minimum rate for young workers aged 19 or younger
            
      Consultative body on statutory Minimum Wage and social partner involvement
              Government decision is taken after recommendation of Low Pay Commission consisting of representatives from social partners, civil society, and academic experts.
            
      Gender Pay Gap
              8.60%
            
      In-work poverty rate
              5.30%
            
      Income inequality (income quintile share Ratio S80/S20)
              3.74