This is a re-posted opinion piece.
It is with great relief that I report to the Reader that there is one recent issue with which I am in complete agreement with the President: his refusal to consider the P125-a-day across-the-board wage hike proposed by party list organizations such as Bayan Muna, Gabriela, Anakpawis, Kabataan, and ACT.
Just a quick, back-of-the-envelop calculation will show how ridiculous the wage hike proposal is: A P125-a-day increase represents a minimum of 29.3% increase (for non-agriculture in NCR) and a maximum of 53.9% increase (for both agriculture and non-agriculture in ARMM). This would be coming less than a year (for some regions, as little as four months) after the last P22 wage increase granted in the form of a Cost of Living Allowance. Moreover, the inflation rate last month (February to February) was 2.7%. Thus the wage increase asked for is more than 10 times the percentage increase in prices.
Read full article: http://www.bworldonline.com/content.php?section=Opinion&title=Family-living-wage&id=48798
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By: Solita Collas-Monsod — Calling A Spade…
Source: Business World, March 21, 2012
To view the original article, click here.
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