The core principle was this: let the regions decide on their ideal wage levels and see if this would work as a generator of much-needed investments in the laggard regions.Development experts agree, then and now, that the surge of investments and economic opportunities in the eastern part of the country — the side facing the Pacific Ocean where the poorer regions are — would easily translate to a 3- to 5-percent gross domestic product growth.
Their slow work in adjusting wages so workers' wages can cope with inflation and the general rise in household expenditures is the main reason behind the overall misery of the working class. The wage boards are stuck in endless and senseless deliberations on economic data and labor economics, which most of its members probably don't understand, and that has led to the paralysis of decision-making.