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Two major business groups expressed concern over the proposed P200 daily minimum wage increase, warning of its potential impact on costs and competitiveness.Cecilio Pedro, president of the Federation of Filipino-Chinese Chambers of Commerce and Industry, worried that higher wages would lead to increased prices for goods and services, ultimately burdening consumers.“Hindi ako tutol itaas ang sweldo dahil nahihirapan talaga yung laborers natin...
Meanwhile, Philippine Chamber of Commerce and Industry Chairperson George Barcelon echoed similar concerns, stating that a steep wage increase could reduce the country's competitiveness and force businesses to cut jobs or hire fewer employees.“Pag sobrang taas, we will lose our competitiveness. Pag dadagdagan mo ng P200, tataas yung cost natin. Lalong ma re-retrench. Wag naman sana,” Barcelon said.
Wage Hike Labor Wage Increase Federation Of Filipino-Chinese Chambers Of Commer Philippine Chamber Of Commerce And Industry
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