Should the government order a significant wage increase, Moya said businesses might suffer huge losses which could either lead to layoffs or closures. 7787 is proposing a national minimum wage of P750, while the Trade Union Congress of the Philippines’ House Bill No. 7805 seeks a more “realistic” across-the-board wage increase of P320. Both bills argue the need to adjust the minimum wage due to the implementation of the TRAIN law, which imposes an excise on fuel and other goods. Asked what wage increase rate would be acceptable to employers, Moya said that was a matter best left to the regional wage boards to decide.

Source: Philippine Daily Inquirer June 01, 2018 23:15 UTC