Madam, – There has been much discussion in recent days regarding the minimum wage, €7.65-€9.50, depending on sector, and high earners generally considered to be in the region of €200,000 per year. Business people earning this high level of remuneration are generally highly motivated, innovative, entrepreneurial and have the skills to generate and also manage the creation of employment. People that have reached this pinnacle of their industry/profession work in the region of 70 hours a week. With a 52 per cent tax take this leaves a take home pay of €96,000 which equates to €26.37 per hour.
In a global village is approximately three times the minimum wage sufficient to keep this dynamic sector of our community within our shores? – Yours, etc,