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Another wage hike might be needed if inflation hike persists
« on: November 09, 2018, 02:53:20 AM »
REP. RON P. SALO
KABAYAN Party-list
Deputy Majority Leader – 0917-729-2437
P25 MINIMUM WAGE HIKE RECOVERS SOME PURCHASING POWER LOST TO INFLATION

[Another wage hike might be needed if inflation hike persists]

The new P25 increase in minimum wage for Metro Manila will lift some of the financial burden resulting from inflation since last April, KABAYAN Party-list Rep. Ron P. Salo said.

"If a minimum daily wage earner works 20 days in a month, the P25 increase means about P500 for the month. Critics would say that it is too little. Yet, 500 pesos is still 500 pesos and it helps our workers recover some of the purchasing power consumers lost when inflation rose," the House Deputy Majority Leader said.

The legislator said, “the wage increase is in addition to the efforts of the government in improving rice supply and greater access of the poor to discounted basic goods."

"We hope that the Wage Boards in other regions will also immediately follow in issuing the new wage increases to benefit our workers in the countryside," Salo added.

Salo and the late KABAYAN Party-list Rep. Ciriaco Calalang are the authors of House Bill 7527 seeking to legislate a nationwide minimum daily wage of P600.

Salo said, KABAYAN Party-list’s P600 minimum wage proposal is realistic because it is much closer to the current P537.00 NCR daily wage.

“P600 is a proposal, not just to our colleagues here in Congress, but also to the wage boards. We also invite the DOLE and its wage boards to recommend measures they deem are needed to update and upgrade the powers of the regional wage boards,” Salo said.

The lawyer-solon also points out that the law which created the wage boards, was enacted way back in 1988 or 30 years ago, and already requires updating in order to make it more responsive to the needs of the labor sector and the employers.(END)

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