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Monday, April 13, 2015

The Filipino Worker is Due for a Raise

The Filipino worker is due for a raise.  Although gains in the minimum wage for the National Capital Region (NCR - Top of the Range) have outpaced inflation since 1998, the gains have not kept up with productivity growth.  If wages had kept up with productivity growth, wages would have been around 27% higher as of 2013, or Php 592 per day versus the actual rate of Php 466 per day.  This means that the gains in productivity are being captured by the employers and has been leading to increasing income inequality.

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