House panel OKs P200 daily across-the-board wage hike

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The story "House panel OKs P200 daily across-the-board wage hike" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

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House panel OKs P200 daily across-the-board wage hike - Business Mirror

Quick Summary:

THE House Committee on Labor and Employment on Thursday approved a bill granting a P200 daily across-the-board increase in the salary rates of employees and workers in the private sector.

Wage increases due to regularization, promotion, merit, or anniversary raises shall not be considered part of the required P200 hike.

Minimum wages across the 17 regions of the Philippines are still not enough to meet a typical family of five’s needs to cover food and non-food costs as of March this year, despite the implemented increases, according to data released by economic think tank IBON Foundation.