September 09, 2010

Arroyo’s Wage-Hike Proposal Is ‘Anti-Poor’

Published on January 28, 2007 | one comment

• The wage debate
• Local Businesses Can Afford Wage Hike — Ibon
• GMA Favors Foreign Investors Over Filipinos

Any wage hike results in increased purchasing power for workers. However, it can be anti-poor if it does not take into account the interests of those who are getting less and benefits those who are getting more. On the other hand, any mandated increase in the salary of overseas Filipino workers (OFWs) is done in the name of the almighty dollar.

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One Comment to “Arroyo’s Wage-Hike Proposal Is ‘Anti-Poor’”

Abdul Ahad says:

February 3, 2007 at 1:04 pm

Wage needs to go up. It will come back. More money on the pocket goes back to the economy anyway. What happens with money? You spend. We are all circle of life. That alone creates job. Suppose you save the money on the bank, it earns interest. It is not what you earn, but what you save. Interest is high in this country. And, Peso is so strong and resilient. As Peso gets stronger and financial institution pays interests, your money will be worth a lot. It would not be too surprising if the Peso goes 10 Peso for every US dollar in 10 to 15 years. Best of all, you can invest on properties, mutual funds, and stocks. If you are a little less aggressive and risky, there is always bonds, and term deposits. Wage is the cost to do business. Life will find a way. Business will not die. Developed countries have high wage. Business did not die. Someday, this country will be become the dream.

Arroyo’s Wage-Hike Proposal Is ‘Anti-Poor’

One Comment to “Arroyo’s Wage-Hike Proposal Is ‘Anti-Poor’”

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