Tag: profits

Worker productivity goes to profits, not wages

October 26, 2018

“A large wage hike is also justified by growing worker productivity. Between 2009 and 2017, labor productivity in NCR grew by 35% from Php456,059 per worker to Php614,297. However, that same period, the real value of the mandated minimum wage only increased by 11% and of ADBP by 16%, both measured in real terms at […]

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

April 30, 2017

“… 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 […]

Worst jobs crisis by far: Job creation down; 24 million employed in poor quality work under Aquino

April 30, 2016

#BeyondElections2016 | Research group IBON said that while the Philippines saw growth, increasing corporate profits, investor confidence and international media hype under the Aquino administration, less new jobs were created, joblessness remains high, and the quality of work has worsened. Falling job creation under the incumbent administration has resulted in the most unemployed, underemployed, discouraged […]

P750 national minimum wage doable–IBON

April 29, 2016

  Research group IBON said that it is possible for workers nationwide to receive the proposed national minimum wage (NMW) of Php750. Millions of workers and their families will immediately benefit while employers still keep over 70% of their substantial profits. The NMW is an immediate, important, and doable step towards making economic growth genuinely […]