wages

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 […]

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 […]

IBON: Wage hike needed as Filipino families’ incomes erode January-July due to inflation

August 31, 2018

A substantial increase in the minimum wage is necessary and doable as the country’s poorest households are losing income due to escalating inflation, said research group IBON, contrary to the recent claims of an employers’ group. IBON estimates that income losses of the poorest 60 million Filipinos ranged from Php1,276 to as much as Php3,489 […]

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 […]

Severe Income Inequality in the Philippines (2)

June 19, 2018

Aside from only a few super-rich families holding one half of total Filipino family income, there is a huge gap between how much majority of ordinary Filipino households earn monthly, and that of the country’s top earners. But government’s market-oriented policies tend to make the rich richer and the poor poorer, such as slapping more […]

Time for govt to come up with realistic poverty threshold – IBON

June 8, 2018

Research group IBON said that it is about time for government to update its poverty threshold to reflect a more realistic poverty reduction target. This is in light of National Economic and Development Authority (NEDA) Secretary Ernesto Pernia’s recent statement that Php42,000 a month is “a decent income at least to live above the poverty […]

Severe Income Inequality in the Philippines

May 20, 2018

Despite being relatively high compared to other Asian countries, Philippine economic growth is lopsided in the interest of a few at the expense of the majority of poor Filipinos. High levels of wealth are concentrated in the hands of a few, while family incomes have stagnated in real terms, especially amid rising prices.

Working Filipino’s real wage, purchasing power weakening under Duterte

April 25, 2018

Research group IBON said that accelerating inflation is rapidly eroding the real wage and purchasing power of minimum wage earners in the National Capital Region (NCR). Real wages show the actual value of wages after these are adjusted for inflation. After almost two years in power, the Duterte administration has only raised the minimum wage […]