The introduction of the National Living Wage (NLW) could have a number of impacts in Northern Ireland (NI), raising the earnings of those aged over 25, but potentially creating issues for Small to Medium Enterprises (SMEs).
Titanic Quarter, Belfast (image by Mehlauge, used under Creative Commons)
Northern Ireland (NI) was impacted heavily by the global recession that began in 2008. The recovery since has been slow in the United Kingdom (UK) and even slower in NI. With heavy job losses in industries such as construction, the shape of NI’s labour market has changed, with the services sector now of increased importance. In addition, the balance between the private and public sectors is beginning to shift due to the ongoing Voluntary Exit Schemes (VES) operating across the public sector.