April 19, 2012
For reference: Mr Sonny Africa (IBON executive director) 0928-5053550 | As labor groups file petitions for a substantial wage increase, a study by research group IBON reveals that increases in the mandated minimum wage has not kept pace with inflation in the last decade.
Taking inflation into account, the highest real mandated minimum wage since 1986 in the National Capital Region (NCR) was the Php255 reached in February 2002 (measured in 2000 prices).
Despite seven wage hikes since 2002, the real value of the mandated NCR minimum wage has fallen by some 3.5% from that peak in February 2002 to be worth just Php246 as of December 2011.
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