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
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.