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February 16, 2024
MANILA, Philippines — It would be a catastrophe to increase the daily minimum wage by P100 as it could cause prices of goods to spiral higher or even force small firms struggling to pay higher salaries to lay off workers.
The Employers Confederation of the Philippines (Ecop) issued the warning on Thursday as it objected to a Senate bill pushing for a P100 across-the-board hike in the daily minimum pay of private sector employees.
At the televised Bagong Pilipinas Ngayon briefing,…
