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Marcos orders review of minimum wage

Published May 1, 2024 03:31 am

President Marcos on Wednesday, May 1, asked for the timely review of the minimum wage amid rising prices of goods and services across the country.

During the celebration of the 122nd Labor Day, Marcos urged the Regional Tripartite Wage and Productivity Board to do so in their respective region, "with due consideration to the impact of inflation, among others, within 60 days prior to the anniversary of their latest wage order."

He also called on the National Wages and Productivity Commission to review its rules to ensure that the boards are able to maintain a regular and predictable schedule of wage review, issuance and effectivity to reduce uncertainty and enhance fairness for all stakeholders.

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President Marcos leads the celebration of the 122nd Labor Day at the Malacañan Palace (KJ Rosales, PPA Pool)

"I call on Congress to pass laws that will support the attainment of our jobs creation agenda," the President added.

The agenda must include the enterprise-based education and training program law, the revised apprenticeship program act, he said.

He also asked lawmakers to include the CREATE MORE law or the law on corporate recovery and tax incentive for enterprises to maximize opportunities for reinvigorating the economy.

Marcos made his calls as he said he is proudly reaffirming the rights of Filipino workers, including overseas Filipino workers (OFWs), to champion their rights in pursuit of prosperity. He assured them of the government's protection.

He also said that the government must invest not only in upskilling the workers but also in reskilling them.

"Today, we stand in awe of the remarkable contributions of Filipino workers here in the country and also abroad. I offer them our gratitude and recognition as beacons of hope, as important pillars of our country’s foundation," Marcos said.

"My fellow workers, we aim not just for job growth, but for quality and green jobs that are aligned with our vision for a sustainable, human capital-centered economy," he added.

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