₱200 Wage Hike in Philippines: A Boon or Bane for Workers and Businesses?

The Philippines recently approved a ₱200 daily minimum wage increase, a move lauded by many but also raising concerns among employers. News5's report captures the diverse reactions. Single mother Johanna Labaday, a security guard, worries if the increase will sufficiently cover her family's needs. "Food is our top priority," she explains, highlighting the rising cost of living. Meanwhile, Sergio Ortiz-Luis Jr., President of the Employers Confederation of the Philippines (ECOP), expresses concern about the potential impact on small businesses, suggesting it might lead to job losses. Malacañang Palace has stated they will assess the economic implications before taking further action. This wage hike, the first since 1989, underscores the ongoing debate between improving worker welfare and maintaining business stability in the Philippines.