Kabayan Rep. Salo says P25 daily wage hike is better than nothing: P500 pa rin yan kada-buwan!
A party-list lawmaker on Monday said the new P25-wage hike for workers in Metro Manila would recover some of their lost purchasing power due to the high inflation.
KABAYAN Rep. Ron Salo made the statement following reports that the country’s headline inflation rate was steady at 6.7 percent for the last tow months, the highest recorded in nearly a decade.
“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, P500 is still P500 and it helps our workers recover some of the purchasing power consumers lost when inflation rose,” Salo said.
The lawmaker, however, said the 6.7-percent October inflation should prompt the wage boards to seriously consider another wage hike, especially in the regions.
He filed House of Representatives Bill No. 7527 seeking to set a nationwide daily wage of P600. The bill, known as the proposed “Minimum Wage Act”, is aimed at addressing the prevailing inequality and disparity in income levels of the different regions in the country.
Salo said the P600 minimum wage proposal was more “realistic” because it was much closer to the current P537 daily wage in the National Capital Region.
According to the DOLE, three regional wage boards, including the Regional Tripartite Productivity and Wages Board – National Capital Region (RTPWB-NCR), issued new wage orders ranging from P10 to P25 across different sectors in the regions.
Aside from Metro Manila, RTPWBs 2 (Cagayan Valley) and 4-B (Mimaropa) also issued new wage orders raising the daily minimum wage from P10 to P20.
In Cagayan Valley, the board approved a P10 per basic wage increase and P10 per day cost of living allowance (COLA) last October 22. Upon the effectivity of wage order RTPWB 02-19, the new daily minimum wage rates will range from P320 to P360, across different sectors.
For workers in Mimaropa, a P12 to P20 per day basic wage increase was approved by the board, bringing the new daily minimum wage to P283 to P320 across different sectors upon effectivity of wage order RB-Mimaropa-09.
The wage adjustments will be effective 15 days from their publication in a newspaper of general circulation. (PNA)