The rising prices wakens the giant of wage increases. But raising wages raises a vicious cycle of increase of prices that fuels more inflation and is self defeating.
Minimum wage is not equal to living wage. Husband and wife may be working together or they can economize or hustle for more income
We get various proposals like P200 per day, and some quarters being discussed at CNN at this hour is about P500.00 per day. That may be possible for government who depend on taxes may be able to afford this. But SMEs who can are just recovering and who constitute the bulk of employers can ill afford this.
(by Rep. Raymond Mendoza)
This is a difficult problem to handle
