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A fediverse community for the Philippines and all things Filipino!

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Economic managers warn against P150 wage increase (www.gmanetwork.com)

submitted 2 years ago by [email protected] to c/[email protected]

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“Obviously, we understand what the problems are — high cost of energy, poor infra, high cost of business,” he said during the briefing of the Development Budget Coordination Committee (DBCC) with the Senate. We’re trying to address those, but what I’m trying to say is that if we (do) address the problem of low incomes by raising the wages by legislative (measures)… then these other factors that are required by investors to come will happen much later,” the NEDA chief added.

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[–] counselwolf 4 points 2 years ago

Aren't there a lot of studies stating raising minimum wage is better for the citizens and the economy as a whole (especially if the minimum wage hasn't increased for a long time)?