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House Minority Leader and 4Ps party-list Rep. Marcelino Libanan wants all 16 regional wage boards outside of the National Capital Region to move fast in giving private sector workers immediate relief from soaring cost of living.
In a Pulse Asia Research Inc. report released Friday, adult Filipinos aged 18 years old and above cited “increasing the pay of workers” as their second most urgent concern, next to “controlling inflation.” Libanan said the country “absolutely needs higher wages to boost up household consumption spending, which has been dampened by wage erosion due to price increases.”
Household final consumption grew by only 4.6 percent in the first three months of 2024, slower than the 6.4 percent growth it posted in the first quarter of 2023.
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