Infographic: Employers can afford to pay a Php750 National Minimum Wage (NMW)

April 30, 2017

by IBON Media & Communications

finalNMW

“… Raising wages – for instance, initially with a Php125 across-the-board increase in the minimum wage and then working towards a Php750 national minimum wage – and ensuring that workers receive this has a wide range of gains. This will improve the welfare of some 10 million families with main income from wages, have spillover effects where the families spend their increased purchasing power such as in the informal sector, expand domestic demand, and drive economic growth. This needs to be complemented by ensuring that workers receive all their due benefits aside from putting an end to contractualization. Wages are unfortunately seen as just a necessary evil that should be kept as low as possible in the name of competitiveness.” Change Underway? 2016 Yearend Birdtalk