IBON Foundation
Minimum wage vs family living wage per region as of May 2023
June 21, 2023
The minimum wage falls far behind the family living wage even with the decline in headline inflation for May, especially across regions. Substantial hikes are needed to close this gap so that Filipino workers and their families can meet their basic needs.
NCR family living wage as of May 2023
June 21, 2023
A minimum wage hike is just, urgent and doable as the current mandated minimum wage is not enough for Filipino workers and their families to meet their basic needs. In the NCR, the Php570 daily minimum wage is less than half or 49.1% of the Php1,160 family living wage for a family of five, as […]
A continuing quest for freedom
June 12, 2023
Our foreign policy is for the security and development of the people, most of all. It should uphold peace over militarism, sovereignty over aggression, and development over empire.
Php170 wage hike only 16.2% of enterprise profits
June 7, 2023
The family living wage is Php1,160 as of May 2023. However, minimum wages since wage regionalization in 1989 don’t just fall far short of the ever rising living wage — they haven’t even kept up with inflation.
The delusional Maharlika Investment Fund: 8.6% annual returns in 10 years?
June 7, 2023
Maharlika proponents unbelievably promise that the newbie fund will make better returns amid an uncertain world economy than more established funds did before the pandemic when global growth was stronger. Pursuing high returns will expose scarce public money to excessive risk.
IBON Research Head on the Maharlika Investment Fund
May 29, 2023
Minimum wages today worth less than 34 years ago, even Php164 wage hike not enough–IBON
May 26, 2023
After 34 years the real value of the minimum wage has fallen 28% on average across all regions nationwide. This strengthens the argument for reverting to a nationally mandated wage hike.
More jobs but part-time work swelled
May 15, 2023
3.3 million of the net employment increase of 6 million since January 2020 is part-time work of less than 40 hours a week, while only 2.5 million of the increased employment was full-time work of 40 hours and over per week.
