"The development of the guidance for 2025 has been informed by the fact that over the last three years wage growth has failed to keep pace with inflation. This has led to a loss in the purchasing power of wages. We therefore encourage unions in 2025 to negotiate wage increases that would reverse the loss."
"Owen Reidy, general secretary of the Irish Congress of Trade Unions, said we have just come out of a general election in which the second most important issue for voters was the cost of living. Wages have not recovered their lost purchasing power as a result of high inflation."
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