The average industrial wage in Ireland rose by 3.5% in the first nine months of this year, compared to the same period in 2005. Figures being released by the Central Statistics Office also show that the economy is now employing almost 5,000 more industrial workers.
Workers in electricity, gas and hot water supply jobs earned the highest hourly rate of the industrial trades at €29 per hour, which is a whopping €20 more than the minimum wage. The average industrial wage in Ireland as of September of this year stood at just over €600 per week. This has risen by 3.5% from the figure of €580 in September of last year. This has been a welcomed increase due to the ever increasing cost of living in Ireland. Many recent studies have shown that Ireland is up in the top 3 most expensive countries to live in, in Europe.
So wages and cost of living are both increasing, is there an end in sight ? When will this level of growth level out ?