Summary of "Marcos to look into economic impact of proposed 200 minimum wage hike"

House of Representatives Approves Proposed Minimum Wage Increase

The House of Representatives has approved a proposed legislated minimum wage increase to Php200 on its third and final reading.

President Marcos’ Response

President Marcos recently met with labor groups to discuss the proposed wage hike. Although he has not yet given his full approval, he stated that the government will carefully study the economic implications of the increase.

He emphasized the importance of consulting wage boards, which are constitutionally created bodies, to ensure that the decision:

Benefits Filipino workers
Takes into account the concerns of all stakeholders

Next Steps

The Senate still needs to deliberate on the proposed wage increase.
The president’s stance is to find a balanced solution that supports workers without causing adverse economic effects.

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