Economic team warns of ‘dangerous repercussions’ of P200 wage hike
Provided by Philippine Daily Inquirer.
MANILA, Philippines — The Marcos administration’s economic managers warned of the "dangerous repercussions” of the proposed P200 legislated wage hike, saying the move could stoke inflation and hurt small businesses.
In a joint statement on Wednesday, economic officials said a P200 increase in wages could raise inflation by about 2 percentage points (ppts), while a P100 hike may add 0.7 ppts.
READ: House OKs P200 minimum wage hike on final reading
“The substantial minimum wage increase may lead to higher production costs, which could result in higher prices that may disproportionately affect low-income households,” they said.
“MSMEs (micro, small and medium enterprises), which constitute over 90 percent of all business enterprises in the country, and who considerably rely on minimum wage earners, may struggle or not be able to absorb the mandated wage increase per worker,” they added.
READ: MAP joins opposition to P200 legislated wage hike
(2025/06/11-13:02)
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