The Philippine Chamber of Commerce and Industry (PCCI) said on Wednesday that the P35 wage hike for workers in the National Capital Region is ‘reasonable’ even if it raises concern and negative implication on its members that are struggling to survive and stay in business.
PCCI President Enunina V. Mangio said that employers will strictly adhere to the new minimum wage approved by the Regional Tripartite and Productivity Wage Boards.
“It’s a decision made by the wage board, we will respect and follow that. On the part of PCCI, we will monitor and evaluate its impact on our micro and small enterprises that we consider the backbone of our economy,” Mangio said.
While she acknowledged government’s effort to enhance wage levels in the country, it is also important to consider its impact on businesses that will be forced to adjust to higher labor costs particularly the MSMEs.
Mangio said that the increase is fair enough compared to previously proposed P100 which was way too much for employers and could likely lead to closure of businesses and unemployment.
According to Philippine Statistics Authority (PSA), small enterprise establishments employ 10-99 workers while medium enterprises have a total of 100-199 workers.
“I believe it’s a win-win decision for both employers and workers. We also recognize how inflation is affecting all of us,” she added.
The PCCI President also emphasized the importance of fostering constant and constructive dialogue and collaboration among concerned stakeholders towards achieving an equitable and sustainable economic growth for all.
