The regional wage board has approved a P40 daily minimum wage hike in the National Capital Region (NCR)—the biggest increase in the region to date—due to the country’s high inflation. Know more:
File photo shows men—who say they work at the building shown behind them —enjoy street food before traveling home.THE regional wage board has approved a P40 daily minimum wage hike in the National Capital Region —the biggest increase in the region to date—due to the country’s high inflation.
Under WO NCR-24, the new daily minimum wage for non-agriculture workers will be at P610, while those in agriculture, service/retail establishments employing 15 workers or less, and manufacturing regularly employing less than 10 workers will be at P573. Mirasol said the board was unable to grant the exact amount by both petitioners since the business sector is still recovering from the effects of the pandemic.In anticipation of the possible negative impact of the P40-wage hike on some vulnerable establishments, Mirasol said the RTWPB-NCR is ready to give temporary exemptions from WO NCR-24 to qualified firms.
The Department of Labor and Employment said a wage distortion occurs when the usual differentials in wage rates between groups of employees in an establishment are drastically reduced or eliminated due to mandated wage increases. This, the ECOP chief said, while noting a lot of microindustries might have difficulty complying with the new minimum wage.
The groups noted that the Philippines already has one of the highest minimum wages among members of the Association of Southeast Asian Nations .
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Wage board approves ₱40 hike in NCR daily minimum wageBREAKING: The Regional Tripartite Wages and Productivity Board in the National Capital Region has approved a daily minimum wage hike of ₱40 or about 7% for workers in the private sector.
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