P40 NCR wage hike approved Marcos sees ‘good compromise’ on pending salary increase petitions READ MORE:
The minimum wage in Metro Manila will go up P40, from P570 to P610 a day for non-agricultural workers in the private sector and from P533 to P573 a day for agricultural workers starting July 16.
During a courtesy visit at the Malacanang Palace of International Labor Organization Director General Gilbert F. Houngbo, Marcos said the government is in negotiations with workers, labor unions, and organizations to discuss a compromise for the possible wage hike. “When there is rapid industrialization and rapid expansion of the economy, there is a tendency to leave the labor sector behind and just exploit the labor sector,” Mr. Marcos said.The current minimum wage in the country varies from different regions.
“While we recognize this development, the sentiment of disappointment is palpable among many of our workers. The increment falls significantly short of the more than P100 wage recovery that our labor force had been anticipating. It also fails to reflect the escalating cost of living in Metro Manila. As such, we stress that the struggle for a fair, living wage is far from over,” the FFW said in a statement.
The new rates, which translate to a 7 percent increase from the prevailing daily minimum wage rates in the region, remain above the regional poverty threshold of P452 per day for a family of five.About 1.5 million full-time wage and salary workers earning above the minimum wage may also indirectly benefit as a result of adjustments made by companies to correct for wage distortion.
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