Palace stands by no P125 pay hike

by Willard Cheng, ABS-CBN News

Posted at May 02 2012 03:59 PM | Updated as of May 03 2012 02:25 AM

MANILA, Philippines - The Palace stood by the President's rejection of the proposed P125 across-the-board wage hike, reiterating its negative effects on the economy in the long run.
"The President was outlining an example to illustrate the case that some solutions which sometimes look like they're good over the short term could have negative impact over the long term," Presidential Communications Development and Strategic Planning Secretary Ramon Carandang said. 
He said the President's statements yesterday should not be interpreted as a way to dictate on the wage boards as they decide on how much the minimum wage should increase.
"I don't think that can be interpreted as telling the wage boards to do or not do anything. Hintayin na lang po natin ang magiging desisyon ng ating mga wage boards," Carandang said.

In his Labor Day speech, Aquino said he will only deliver feasible plans for workers, contrary to the wish list of labor groups in terms of wages and other benefits.

He said he is laying down real solutions to the labor market’s woes, instead of promises that can only be described later as politicking.