News Formal

Business group rejects higher salaries as workers' calls mount

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A labor group is demanding a big increase in minimum wages as commodity prices spike, but business owners say they can't afford to pay higher salaries as they are also bleeding from the pandemic.

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DILG joins business groups in calling for passage of economic bills, Charter reformsThe Department of the Interior and Local Government (DILG) called on Congress to heed the calls of business groups to expedite the passage of pending economic bills including the “economic constitutional reforms (Economic CORE).
Source: manilabulletin - 🏆 25. / 51 Read more »