Migs Nograles says P100 wage hike not enough

Manila Bulletin

Puwersa ng mga Bayaning Atleta (PBA) Party-list Rep. Margarita "Migs" Nograles says that the proposed P100 minimum wage hike from the Senate simply isn't enough.    READ: https://mb.com.ph/2024/2/20/migs-nograles-says-p100-wage-hike-not-enough  Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin  Visit our website at http://mb.com.ph Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manila_bulletin Instagram: https://instagram.com/manilabulletin Tiktok: https://www.tiktok.com/@manilabulletin  #ManilaBulletinOnline #ManilaBulletin #LatestNews

Transcript

00:00 This 100 peso increase on the minimum wage is good for the people but it is not enough.

00:09 And in any wage increase, we know that it will be an additional cost for businesses.

00:16 Especially in the Philippines, about 98% of our industry are run by micro, small, medium enterprises.

00:28 I think PSA released this data in 2023.

00:31 And if the small enterprises will get additional cost to increase their salary to their employees,

00:44 then this is where I hope that the Senate and Congress will agree and we will do our job with regard to the economic provisions.

01:01 These losses that will be taken by small enterprises and small businesses, if there is an investment from foreigners,

01:13 they will be able to pay it and these enterprises will be able to help to increase their salary,

01:21 so that hopefully, there will be more jobs and our businesses will be more sustainable,

01:28 which is what we want, so that the economy of the Philippines and the livelihood of our people as a whole will be better.

01:36 Thank you.

01:37 [End of Audio]

Transcript

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