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A CEBU-BASED labor group said Tuesday, Feb. 13, 2024, that it is capitalists who refuse to reduce profit margins, and not the implementation of wage increases, that cause the rising prices of goods and services.
A BILL providing for a P100 increase in daily minimum wage hurdled second reading at the Senate on Wednesday, boosting hopes that workers straining under the impact of inflation can get some relief. Business groups that earlier opposed the measure – championed by Senate President Juan Miguel Zubiri and Senator…
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Overall, 84% of those 1.3 million workers is 20 or older, according to the report.
Retailers are relieved that the minimum wage increase has been limited to 2%, Retail NZ Chief Executive Carolyn Young says. “Our latest Retail Radar quarterly survey of Retail NZ members, released yesterday, shows that wage increases are one of the ...