The labor sector is demanding a big-time increase in daily wages, saying the current ₱537 rate is not enough for Filipinos to get by.
The Employers Confederation of the Philippines, however, said they cannot afford to pay higher salaries at this time.₱750 a day, they need a reality check," ECOP chairman Edgardo Lacson said in a phone interview."That is not justified at this moment. very untimely and it will create more problems."
Checks and balances is a start determine that. But I don’t think businesses owners are open about their revenues and expenses. If that happens to force owners of that sector raise salary then a demand of market price or sales increases depending buyers’ reaction to the price.
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