00:00President Ferdinand Marcos Jr. marks Labor Day in the Philippines with an order to reassess
00:05workers' average salaries, citing the continually rising prices of goods.
00:10I call on the regional tripartite wage and productivity boards to initiate a timely review
00:17of the minimum wage rates in their respective regions, with due consideration to the impact
00:22of inflation amongst others.
00:24The PRT-WPB set the minimum wages per region.
00:28In Metro Manila, the minimum wage is Php 610 per day, but inflation has eroded its real
00:33value.
00:34Economic think tank IBAN Foundation says, as of January this year, a family of five
00:39in the capital region needs Php 1,193 per day to live decently.
00:45IBAN Foundation insists a wage hike would result in better economic activity.
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