We all need more money in the midst of inflation But for the petition P750..00 minimum wage being petitioned several questions must be raised:
1. Where will companies get this? Simply add this to their cost of goods of sold and further jack up prices. ? Consumers will end up getting less for the high wages?
2. Can companies afford this increase in costs in the midst of inflation and recession? The govt is increasing interest rates so that companies will not borrow, thus causing them to close and lay off employees Cutting off jobs is a cruel way to solve inflation?
3. More PHP in circulation will fuel more inflation More php currency fuels inflation.
This is going to be hard We save on our expenses raise our food WE have to go on survivalist mode
All ready slum areas are in areas like USA, Europe We are thankful we still have jobs Let us not push our fiscal resources to the limit.
