Senate wage bill will not help most workers

By The Editorial Board

Feb 25, 2024 12:10 am

THE Senate passed on third and final reading a bill proposing to increase the daily minimum wage by P100, the first legislated wage adjustment in decades. Senate Bill (SB) 2534 still needs approval from the House of Representatives and probably from the bicameral committee after that. Before then, though, lawmakers would hopefully realize that the bill is unlikely to benefit the bulk of the labor sector. Worse, there would be adverse economic consequences, according to warnings from different sectors.

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