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Tag: nominal wage

Be bold enough to implement a meaningful wage hike, gov’t told

November 7, 2018

The new National Capital Region (NCR) minimum wage is still way below the amount that a family needs to cope with continuously rising prices, research group IBON said. The paltry increase reflects government’s refusal to institute a meaningful wage hike despite its urgency and doability. Government should instead have ordered employers to give a substantial […]

IBON — Php238 NCR wage hike doable without worsening inflation

October 11, 2018

As the Metro Manila regional wage board deliberates a minimum wage hike for later this month, research group IBON said that a much-needed Php238 minimum wage increase is possible and need not be inflationary. Millions of Filipino workers including in the National Capital Region (NCR) are burdened by high prices of goods and services. The […]

Wage hikes need not cause higher prices — IBON

July 20, 2018

Research group IBON said that substantially raising the minimum wage of Filipino workers need not lead to price hikes, contrary to the recent claims of National Economic and Development Authority (NEDA) Secretary Ernesto Pernia. IBON said that wage hikes should be taken from profits instead of being considered a cost of production passed on to […]

TRAIN-driven rising cost of living makes wage hike urgent

July 9, 2018

Research group IBON said that tax-driven inflation is making the meager wages of poor Filipinos fall even further behind the rising cost of living. The group said this makes it even more urgent for the government to immediately raise wages even as it revisits the Tax Reform for Acceleration and Inclusion (TRAIN) law behind the […]

Wage hike urgent, and should be substantial, gov’t told

May 31, 2018

Research group IBON said that the government’s recently announced plan to respond to labor’s clamor for an increase in the minimum wage is welcome. IBON underscored that this move is urgent amid rising prices, and added that the hike should be meaningful enough to keep up with accelerating inflation and worsening poverty, said the group. […]