I am a waged corporate warrior but a talk of a WAGE INCREASE gives me mixed emotions. Already, Metro Manila and in the CALABARZON region have been given Php.20.00 WAGE INCREASE and Region 10 have been granted a Php.12.00 increase on COLA (Cost of Living Allowance).
Let me explain my concerns when an impending wage increase is in the horizon. I see the move as an ignition to all other increases in goods and services. It also further pushes some companies to hire contract workers where tenure of an employee is forever contract-based and not be able to fully avail of the benefits of a regular employees. It further extends the gap of assuring job stability.
But then again, this is a problem of on a chicken-and-egg scenario. Whoever raises the bar higher will have to assume that the other will simply just have to catch up. My wish for the Philippines is that we harness the benefits of natural gas.
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3 comments:
Tuesday, May 27, 2008
In my opinion, the 20 pesos salary increase is too low. Think of it, the Philippine basic salary is not even close to $10... They should made the increase thousand a month.
What do you think?
Tuesday, May 27, 2008
indeed, too low if you look at how much the prices are going nowadays, but in my opinion, its a matter of choosing the lesser evil.
Tuesday, May 27, 2008
i'm afraid i tend to agree that it's bad economics--a lazy and rash short-term solution. Government should instead strive to work on the basics, like food and shelter--build infrastructures, curb monopolies, subsidies or any other means to increase food yield and cheaper homes. What good would a higher salary do, if ultimately, it does not actually buy more than it really should?
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