Business groups nix wage proposal

By Janine Alexis Miguel

Feb 17, 2024 12:35 am

A LEGISLATED wage hike is not the best solution to address economic equality in the country and lawmakers should instead work on developing comprehensive initiatives to address the issue, business groups said.

In a joint statement, the Philippine Chamber of Commerce and Industry (PCCI) and other business organizations claimed that a proposal to raise wages by P100 per day would favor just 5 million private sector workers and put 47 million others at a disadvantage.

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