Big economy unaffected by wage hike

Feb 10, 2024 12:09 am

THE Department of Labor and Employment (DoLE) on Friday said that the recent minimum wage increase would not affect key macroeconomic outcomes, including inflation, unemployment and gross domestic product.

The DoLE said the January 2024 inflation rate was 2.8 percent, lower than the 8.7 percent recorded in January 2023.

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