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Marcos instructs wage boards to factor inflation in its review of minimum pay rates

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President Marcos tasked the Regional Tripartite Wage and Productivity Boards on Wednesday to initiate a timely review of the minimum take home pay of workers, factoring in the continuing impact of inflation, among others.

The Chief Executive gave the marching order in his Labor Day speech, adding that actions must be taken “within 60 days prior to the anniversary of their latest wage order.” The daily minimum wage in the country currently ranges from P573.00 to P610.00

“I call on the National Wages and Productivity Commission to review its rules to ensure that the Boards are able to maintain a regular and predictable schedule of wage review, issuance, and effectivity to reduce uncertainty and enhance fairness for all stakeholders,” President Marcos said.

He likewise urged members of the 19th Congress to enact legislations that would help the government achieve its jobs generation agenda, including the Enterprise-based Education and Training Program Law, the Revised Apprenticeship Program Act, and CREATE MORE.

President Marcos honored Filipino workers in a ceremony held in Malacañang, with House Speaker Martin Romualdez and Labor Secretary Bienvenido Laguesma in attendance, for the 122nd Labor Day Commemoration and 50th anniversary of the promulgation of the Labor Code of the Philippines (LCP).

“You are the heart and soul of our workforce, the ones who are advancing our success, and the reason why we keep dreaming towards a brighter future,” Marcos said in Tagalog, addressing millions of domestic and overseas Filipino workers.

“You are the face of our ‘Bagong Pilipinas’ (New Philippines)—excellent, hardworking, full of dedication—so, it is only appropriate that you are given honor, respect, and admiration,” the President added.

President Marcos declared May 1 as a regular public holiday pursuant to Proclamation No. 368 dated October 11, 2023.


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