Article from www.filamstar.com
By William Casis | FilAm Star Correspondent
Economic Planning Secretary Ernesto Pernia said the government rejected the proposed PHP 125 increase in the daily minimum wage, saying this could displace workers, increase inflation and affect the economy.
He said NEDA conducted an impact analysis and found that the proposed wage hike would affect employment because many small companies would not be able to afford to keep their workers or hire more.
“Especially micro, small and medium enterprises will be hard up with that kind of an increase,” Pernia said.