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ANALYSIS - CAN PHILIPPINE ECONOMY ABSORB ANOTHER WAGE HIKE?

AsiaPulse News

| May 03, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MANILA, May 3 Asia Pulse - Since the Republic Act 6727 or the Wage Rationalization Act took effect in July 1989, the classic positions of the workers and the employers have not changed.

The workers are demanding for a wage hike almost every year to cope up with the rising cost of living. As expected, the employers are against pay rise, especially across-the-board adjustment, as this could result in layoffs and company closure.

After an adjustment to the present P280 (US$5.01) minimum wage in 2002, labor groups last month again asked for higher pay.

The Trade Union Congress of the Philippines (TUCP) petitioned with the Regional Tripartite Wages ...

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