Senate President Juan Miguel Zubiri filed a measure seeking an across-the-board increase of P150 in the daily pay of workers in the private sector, saying a “decent life costs a decent wage.” | MRamosINQ
“Given the urgency of the situation, a legislated wage increase is called for to ease the effect of wage erosion brought about by inflation,” Zubiri said in the explanatory note of Senate Bill No. 2002, or the proposed Across-the-Board Wage Increase Act of 2023.He noted that the country’s inflation rate reached 8.7 percent in January, the highest in 14 years. This narrowly slowed down to 8.6 percent last month.
Once approved, the Senate leader said the salary increase would benefit all workers in the agricultural and nonagricultural industries “regardless of capitalization and number of employees” of the employers.
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