(INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE)
MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. stated on Friday that the proposed P200 across-the-board minimal wage hike wants additional evaluation, because it might drive up the price of items and providers.
In an ambush interview in Pasay Metropolis, Marcos was requested to touch upon some lawmakers’ requires him to certify the proposed wage improve as pressing.
“Properly, the factor is we’ve got a tripartite board that truly determines the rise within the wage. So, we’ve got to nonetheless — we nonetheless have to check it additional to see how that can work collectively. As a result of this tripartite physique was additionally created by Congress—they established it, wrote the legislation, and shaped this type of entity. It’s their job to find out what the minimal wage must be,” he responded.
“So, now with this, I don’t understand how that’s going to work collectively. However we’ll see. We’ll attempt to discover a resolution as a result of, as you realize, it’s clear that the costs of products are rising, and inflation remains to be there. We haven’t absolutely introduced it below management but,” Marcos continued.
“Kaya’t it’s definitely one thing that we’ve got to consider to help ‘yung mga pangkaraniwan na tao,” he additionally stated.
(So it’s undoubtedly one thing we have to contemplate to be able to assist atypical folks.)
Is likely to be ‘inflationary,’ burden to MSMEs
Marcos then raised considerations about how micro, small, and medium enterprises (MSMEs) can be affected by the proposed minimal wage improve, noting that they might be those immediately impacted, not the big corporations.
“The employers are nervous, particularly small enterprise house owners like these working sari-sari shops, salons, and related institutions,” he stated.
“‘If the minimal wage is elevated, they could have to scale back their workforce as a result of their finances stays the identical—they received’t have further funds to cowl increased wages. So how will that work? How will it affect the financial system? How will it have an effect on MSMEs?,” he identified.
Moreover, Marcos stated they’re additionally finding out whether or not the wage hike might drive up client costs.
“And we’re additionally finding out whether or not this may result in a rise in the price of items and providers. In different phrases, it could be inflationary,” he stated.
“We’ve to resolve the authorized points; we’ve got to resolve the financial points. So, it nonetheless deserves a substantial amount of examine,” Marcos added.
The substitute invoice looking for a P200 minimal wage hike was authorised by the Home Committee on Labor and Employment on Thursday.
The proposed P200 per day wage improve for minimal wage earners is P100 increased than what the Senate authorised.
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