FEATURED ARTICLES, Uncategorized

P13-WAGE INCREASE INSUFFICIENT: INFLATION ERODES NCR MINIMUM WAGE TO ONLY P235 by Ibon Foundation | FEATURED ARTICLE

IBON News | 6 May 2011 | An increase of Php18.50 will merely restore the value of the minimum wage to its real value upon the start of the Aquino administration of Php243.50 | REPOSTED WITH PERMISSION FROM IBON

The Php13-wage hike proposed by employers is not enough to even restore the real wage to its June 2010 level, said research group IBON, adding that inflation has eroded the minimum wage in Metro Manila to just Php234.90.

Inflation has averaged some 3.7% since July 2010 reaching 4.5% in April 2011, bringing down the real value of the mandated wage by Php10.50 since the start of the Aquino administration. This has brought down the current minimum wage in the National Capital Region (NCR) of Php404 to just Php234.90 in real terms as of April 2011, measured in 2000 prices.

THIS MAN ROAMS THE DAANG MATUWID in Bacolod City daily | He sells candies for a living | He is 74 years old | He earns at least P100 a day while the minimum wage in Region 6 is more than P250 | Photo by Julius D. Mariveles

In fact, IBON says that an increase of Php18.50 will merely restore the value of the minimum wage to its real value upon the start of the Aquino administration of Php243.50. The Employers’ Confederation of the Philippines (ECOP) announced this week that its official position would be to grant a minimum wage increase of around the amount of Php13.35.

Meanwhile, a wage hike of Php125 as demanded by progressive worker groups would bring the minimum wage to its highest ever real value. The amount moreover is just a 15% cut in the profits of employers with 20 and over workers. If ever, this would also be the first indication that there is any change taking place under the Aquino administration, the research group said.

A Php125-wage hike would raise the real value of the minimum wage to Php304.90. This would not be enough to give a worker’s family a decent standard of living but will at least provide them much-needed respite from skyrocketing prices.

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About Hannah|JuliusMariveles

English instructor and broadcast journalist

Discussion

9 thoughts on “P13-WAGE INCREASE INSUFFICIENT: INFLATION ERODES NCR MINIMUM WAGE TO ONLY P235 by Ibon Foundation | FEATURED ARTICLE

  1. Ibon?Di ba leftist yun tsaka anti-government, there fore unreliable… peace!=)

    Posted by White Star | May 9, 2011, 9:51 am
    • Magbasa ka muna before ka magcomment. Saan ba galing ang porket leftist eh hindi reliable? luk at the facts, tol, and luk around u.kung nasasayahan ka sa ngyayari, karapatan mo yun pero wag kang mglabel.
      Anyway, ive always used Ibon as my source in my Econ class.
      Andami kong nakuha eh…

      Posted by Hera Meister | May 9, 2011, 9:56 am
    • That is the usual reply of those in government and those who think that there is nothing wrong with the status quo.

      But it would be good for you to know that Ibon’s researchers hold degrees from known universities or are graduates of schools abroad.

      Its chief researcher, Sonny Africa, for example graduated from the London School of Economics in the United Kingdom.

      We know that Ibon can defend itself but we would like you to know, White Star, that we repost articles in our Featured Articles section if we find it and the writers credible.

      Ibon has established itself as a credible and competent research organization. That is what we would like to believe.

      Thanks for dropping by. Peace, too. 🙂

      Posted by Hannah|JuliusMariveles | May 9, 2011, 9:57 am
      • Agree. dat’s y i use Ibon as basis kasi madaling intindihin tsaka the facts speak for itself, ikanga… I don’t think being anti-govt is even an issue.the issue is, totoo ba to?kun hindi, eh, isa ako sa unang aangal.
        Good day uli!

        Posted by Hera Meister | May 9, 2011, 10:05 am
    • Eh ano ngayun kung left?Totoo naman ang sinasabi nila ah. baka kamag-anak mo si arroyo? Peace din!

      Posted by Lovelyn Periquin | May 9, 2011, 10:42 am
  2. The raise in prices of oil and basic goods are more faster kesa sa sweldo.13 pesos? that’s barya lamang.What can u buy out of that?

    Posted by Hera Meister | May 9, 2011, 9:58 am
    • Thanks, Hera. We can actually validate the resarch works of Ibon by doing a little “home” work. Or we can ask our iskwater neighbor how much they are earning and what they are buying out of the meager salaries they get. In simple terms, there are things in plain sight that we sometimes refuse to see. Thanks, Hera. Maayong hapon! :

      Posted by Hannah|JuliusMariveles | May 9, 2011, 10:02 am
      • By “home” work, I mean asking our mother or father how much they are earning. Or by simply looking at what is on the table. Problem is, if nanay or tatay is not a lowly worker, then one cannot understand. Hence, researches like this need to guide us. Opening our minds and our hearts to the harsh social realities will do us no harm. It can only make us realize that life is not fair, after all. And things must be done to change it. Thanks, again, Hera! 🙂

        Posted by Hannah|JuliusMariveles | May 9, 2011, 10:04 am

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