Proposed P1,200 Minimum Wage in NCR Raises Concerns for Small Businesses
The Regional Tripartite Wages and Productivity Board has received 16 petitions for a P1,200 minimum wage in Metro Manila. Small enterprises express worries that this increase could lead to business closures amid rising operational costs.
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The Regional Tripartite Wages and Productivity Board has received 16 petitions to raise the daily minimum wage in Metro Manila to P1,200. Concerns have been voiced by small business owners regarding the sustainability of such an increase, especially in light of escalating fuel prices and declining purchasing power.
A DOLE spokesperson indicated that a new wage order may be issued by July 18, coinciding with the anniversary of the last wage order. The proposed wage increase could drive unemployment and encourage the adoption of automation technologies as businesses seek cost-cutting measures. The potential impact on micro and small enterprises remains a significant concern, with many fearing closures.
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