 House econ leaders reject Senate's legislated wage hike proposal

RG CRUZ

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<img src="https://news-image-api.abs-cbn.com/Prod/editorImage/02122024 wage hike proposal.jpg" style="width: 950px;" class="fr-fic fr-dib" alt="House lawmakers Stella Quimbo and Joey Salceda. House Press and Public Affairs Bureau handout/File">House lawmakers Stella Quimbo and Joey Salceda. House Press and Public Affairs Bureau handout/FileMANILA &mdash; The top economists of the House of the House of Representatives on Monday rejected the Senate&#39;s proposal for a legislated wage hike.<a href="https://news.abs-cbn.com/business/08/31/23/zubiri-vows-legislated-wage-hike-by-year-end">&#39;Great Christmas gift&#39;: Zubiri vows to pass legislated wage hike by year-end</a>House Appropriations Committee Senior Vice Chair and Marikina Rep. Stella Quimbo said an across-the-broad wage hike will be &quot;inflationary&quot; and eventually negate its intended benefit.&quot;Ang gagawin po ng mga kumpaniya is ipapasa po nila ang pagtaas ng wage sa presyo [ng kanilang produkto]... So you will temporarily satisfy our workers, who are also consumers, so eventually yung tinaas sa sahod nila ay kakainin din po sa pagtaas ng presyo ng bilihin,&quot; Quimbo told a press conference.House Ways and Means Committee Chair and Albay Rep. Joey Salceda said wage hikes are better left to the regional wage boards.&quot;At this point, it will have to be the President sending signals to the regional tripartite wage boards to discuss the possible adjustments in the wages,&quot; Salceda added.Salceda explained that wage hikes may lead to the closure of companies that cannot afford to pay their workers.The Senate is currently deliberating on bills mandating a wage hike for all Filipino workers.RELATED VIDEO<iframe width="640" height="360" src="https://www.youtube.com/embed/ee7gpFwxlac?&wmode=opaque&rel=0" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>

&quot;Ang gagawin po ng mga kumpaniya is ipapasa po nila ang pagtaas ng wage sa presyo [ng kanilang produkto]... So you will temporarily satisfy our workers, who are also consumers, so eventually yung tinaas sa sahod nila ay kakainin din po sa pagtaas ng presyo ng bilihin,&quot; Quimbo told a press conference.House Ways and Means Committee Chair and Albay Rep. Joey Salceda said wage hikes are better left to the regional wage boards.&quot;At this point, it will have to be the President sending signals to the regional tripartite wage boards to discuss the possible adjustments in the wages,&quot; Salceda added.Salceda explained that wage hikes may lead to the closure of companies that cannot afford to pay their workers.The Senate is currently deliberating on bills mandating a wage hike for all Filipino workers.RELATED VIDEO<iframe width="640" height="360" src="https://www.youtube.com/embed/ee7gpFwxlac?&wmode=opaque&rel=0" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>

<a href="https://news.abs-cbn.com/business/08/31/23/zubiri-vows-legislated-wage-hike-by-year-end">&#39;Great Christmas gift&#39;: Zubiri vows to pass legislated wage hike by year-end</a>House Appropriations Committee Senior Vice Chair and Marikina Rep. Stella Quimbo said an across-the-broad wage hike will be &quot;inflationary&quot; and eventually negate its intended benefit.

<img src="https://news-image-api.abs-cbn.com/Prod/editorImage/02122024 wage hike proposal.jpg" style="width: 950px;" class="fr-fic fr-dib" alt="House lawmakers Stella Quimbo and Joey Salceda. House Press and Public Affairs Bureau handout/File">House lawmakers Stella Quimbo and Joey Salceda. House Press and Public Affairs Bureau handout/FileMANILA &mdash; The top economists of the House of the House of Representatives on Monday rejected the Senate&#39;s proposal for a legislated wage hike.

The Senate is currently deliberating on bills mandating a wage hike for all Filipino workers.

The Senate is currently deliberating on bills mandating a wage hike for all Filipino workers.

House econ leaders reject Senate's legislated wage hike proposal | ABS-CBN News

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House econ leaders reject Senate's legislated wage hike proposal

House econ leaders reject Senate's legislated wage hike proposal