The Philippines has the slowest real wage growth among the major countries in ASEAN. Most of the articles and books I read focus on so-called economic reforms that lead to economic growth. The stagnation of real wage over time, despite impressive economic growth is something easily sensed but rarely published. In its 2019 Korn Ferry real salary forecast, the Philippines is expected to have a real wage increase. In a paper on Inclusive Growth, here are excerpts of what OECD said:“Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all....The 2009 financial crisis was a dramatic wake up call.

Source: Philippine Star November 09, 2019 16:00 UTC