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Minimum Wage in Philippines

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Submitted By chabsmendoza
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Minimum Wage I agrre in the concept of minimum wage in the Philippines. Our current minumum wage is Php 456 in the Metro Manila or NCR. By having a minimum wage, there will be somehow a floor price since the workers demand for a higher wage while the companies wants a smaller wages to incir less expenses. The governement is the mediator by implementing the minumum wage. It also gives the workers a sense of protection and security since the government impleted a minimum wage, the workers are sure of a wage they eanred from all their hard work. However, even though I agree with the concept of the minimum wage, it believe that the minimum wage that we have is not enough. According to the IBON foundation, an average family of five or six has a living wage of Php 1,022. The minimum wage given by the government is Php 456. It has a difference of Php 566. The differnce of 44% is quite alarming. If a family has only one worker, this will not enough to sustain all the needs of the family. The minimum wage is below the poverty treshold of $15 or estimated of Php 610. Alarming isn’t it? What's more is that 30 percent of all businesses are not complying with the given minimum wage. If the living wage for a average family of 5 or 6 has a Php 1022:
An estimate of Php 262 (26%) will be alloted for food and Php 675 (66%) are alloted for non-food and the remaining 8% will be used in saving.
Let’s say think positive and say that the economy is rising so it will affect the people too. That is not the case. Even though it is rising, the prices are also inflating. There will be no use even if the gov’t will say that the economy is rising. Not to mention that there are a lot of non-food expenses that should be considered like transportation, allowances, ulities, etc. I would suggest for a higher minimum wage. It should compliment the living wage of an average family so there will

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