5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Labor condemns failure of minimum wage bill despite willingness to compromise on P100 hike

by
June 12, 2025
in Stock
0
Labor condemns failure of minimum wage bill despite willingness to compromise on P100 hike
PHILIPPINE STAR/MICHAEL VARCAS

By Adrian H. Halili, Reporter

LABOR GROUPS said on Thursday they were willing to compromise on a P100 legislated wage hike just before Congress adjourned.

The P100 nationwide wage hike had been the Senate’s position as the two chambers hashed out their versions of the bill in bicameral conference committee, but the two chambers failed to arrive at a compromise before time ran out.

Asked about how labor plans to proceed in the next Congress, Federation of Free Workers President Jose G. Matula said via Viber: “There will be an assessment with members of the National Wage Coalition (NWC).”

On Wednesday, Congress adjourned without approving the bicameral conference committee report on the minimum wage hike, with the two sides far apart on a final number.

At the last minute, the NWC had called on the House, which backs a P200 wage hike, to adopt the Senate’s version of the bill.

“The National Wage Coalition agreed to a compromise to adopt the Senate’s P100 wage hike bill due to lack of time. But the House kept pushing its position until time ran out,” Mr. Matula said.

Last week, the House of Representatives approved on third and final reading House Bill 11376, which proposed a P200 across-the-board daily wage increase for private sector workers.

The Senate’s P100 wage hike proposal was contained in Senate Bill 2534, approved in February 2024.

He said the P100 proposal would have helped ease some of the hardship faced by workers in dealing with the high price of goods.

However, the economic managers intervened, warning that the enactment of the wage hike bill would have harmed the economy.

Mr. Matula said the economic managers effectively blocked the wage hike bill.

Meanwhile, the Kilusang Mayo Uno (KMU) rued Congressional foot-dragging on the wage hike measure.

“Years of struggle had finally pushed Congress to pass legislated wage increase which, while far below the amount for a family living wage, would have given Filipino workers some respite from the burgeoning inflation,” KMU Secretary General Jerome Adonis said.

Mr. Adonis added that the “dilly dallying” of Congress denied workers their first legislated nationwide wage hike since the 1980s.

Benjamin B. Velasco, an assistant professor with the University of the Philippines-Diliman School of Labor and Industrial Relations, said labor groups should continue with evidence-based advocacies for a legislated wage hike in the upcoming Congress.

“Unions need to scale up the campaign by organizing and mobilizing workers behind the wage demand. It cannot just be survey numbers and social media likes,” Mr. Velasco said via Messenger chat. “Workers need to vote with their feet if they want an increase in salaries and improve their welfare.”

He added that the labor movement has gained new allies with incoming progressive lawmakers in the Senate and the House.

“I expect that wage hikes will continue to be a burning issue for the 20th Congress along with the demand for regulating contractualization,” he said.

Previous Post

EV incentive plan to be submitted to FIRB

Next Post

ECCP seeks full implementation of anti-scam law

Next Post
ECCP seeks full implementation of anti-scam law

ECCP seeks full implementation of anti-scam law

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Beyond Sol and Luna: How the characters quietly shape Puregold Channel’s digital series

    Beyond Sol and Luna: How the characters quietly shape Puregold Channel’s digital series

    June 13, 2025
    Cloud-ready software solutions across various functions showcased at NOAH Business Applications 622C

    Cloud-ready software solutions across various functions showcased at NOAH Business Applications 622C

    June 13, 2025
    Bulk price growth of building materials in Metro Manila eases in May, retail price growth steadies

    Bulk price growth of building materials in Metro Manila eases in May, retail price growth steadies

    June 13, 2025
    What numbers say about ‘happy workplaces’ in Q1 2025

    What numbers say about ‘happy workplaces’ in Q1 2025

    June 13, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.