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Ferris rejects proposal to cut minimum wage

22 November, 2010 - by Martin Ferris TD

The Sinn Féin Spokesperson on Workers Rights Martin Ferris has said that his party rejects any proposal to cut the minimum wage. He was reacting to hints from Finance Minister Brian Lenihan that the current hourly rate might be reduced by €1.

Deputy Ferris said: “People who are on the minimum wage are already in many cases living in poverty. A reduction would ensure that tens of thousands more people who are working will find themselves in an extremely difficult situation. That is recognised by the state through the Family Income Supplement which in effect acts as a subsidy for low paying employers.

“The claim by employers that slashing wages will create employment is a myth. It also overlooks the fact that while businesses were enjoying massive profits during the boom years wage levels did not rise to reflect that. What did take place was that people on low incomes faced steep increases in the cost of living through accommodation and other cost of living expenses.

“Now that this country has been brought to its knees by an incompetent elite it seems that they see forcing people to work for buttons as the solution.” ENDS

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