Business Groups Ask Senate To Reconsider ₱150 Wage Hike

Four business groups have called on lawmakers to reconsider the proposed wage hike.

The business groups are reiterating that salary increases will primarily affect informal workers and small business owners since it will lead to higher inflation, which is detrimental to both businesses and the economy. I Photo: Philippine Chamber of Commerce and Industry (PCCI)

The aforementioned are reiterating that salary increases will primarily affect informal workers and small business owners since it will lead to higher inflation, which is detrimental to both businesses and the economy.

During a pandesal forum, these four groups and their leaders came together to voice their concerns: Philippine Chamber of Commerce and Industry (PCCI) President George T. Barcelon; Employers Confederation of the Philippines (ECOP) President Sergio Ortiz-Luis Jr.; Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) President Dr. Cecilio K. Pedro; and Philippine Amalgamated Supermarkets Association Inc. (PAGASA) President Steven T. Cua.

They met to address the underlying concerns regarding the salary increase proposed in the Senate.

Last March, Senate President Juan Miguel Zubiri filed Senate Bill No. 2002, or the Across-the-Board Wage Increase Act of 2023, which aims to increase private sector wages nationwide by P150. Recently, the Senate announced that this bill is set to be passed by December this year.

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