Higher
wages boost government revenue and provide more funding for services and new projects.
He further said that the Code ensures minimum
wages along with timely payment of
wages to all the employees and workers.
At least three million workers in Eastern Visayas region will enjoy a P20 increase in minimum
wage after the
wage board approved an adjustment for employees in the private sector.
As a result of China's 2004 Regulation on Minimum
Wages, minimum
wages countrywide have more than doubled, with average real
wages rising as much as 10 percent a year.
Palace leaving it to Congress to decide on calls to abolish
wage boards !-- -- Alexis Romero (philstar.com) - January 9, 2019 - 6:17pm MANILA, Philippines Malacantildeang is leaving it to Congress to decide on whether to retain the
wage boards after a labor group called for an overhaul of the country's wage-setting structure because of its supposed failure to protect the interests of workers.
In the last 20 years, average real
wages have almost tripled in emerging and developing G20 countries, while in advanced G20 countries they have increased by just 9 per cent, the report shows.
Average hourly
wages grew 3.1 per cent in the year to June, more than the 2.3 per cent growth last year.
However, the
wage order is still to be affirmed by the National
Wages and Productivity Commission (NWPC).
Prime Minister Hun Sen on Wednesday indicated that the garment sector's minimum
wage could reach $250 in the next five years, up from the current level of $170, with a prominent unionist dismissing the projected increase as insufficient to meet workers' living costs.
Legislators and voters in many states have moved to pick up Congress's slack on the minimum
wage. As recently as 1992 just six states had minimum
wages that were higher than the federal minimum
wage that year.
The stagnation in the real minimum
wage contrasts sharply with significant increases in real
wages across the broader labour market.
The statement however, clarified that the Code on
Wages Bill 2017, in the clause 9 (3), clearly states that the Centre, before fixing the national minimum
wage, may obtain the advice of the Central Advisory Board, having representatives from employers and employees.
