Marcos Jr. says wage hike impact needs study, favors region-specific increases

President Ferdinand "Bongbong" Marcos Jr. stated on Labor Day that the economic impact of wage hikes necessitates careful study, favoring region-specific increases over a legislated hike.

He assured workers that their call for better wages is being heard and addressed by the Regional Tripartite Wages and Productivity Boards (RTWPBs), with 16 regions having already implemented minimum wage increases since June 2024.

Marcos reaffirmed his administration's commitment to balancing workers' welfare with inclusive economic growth.

The President is now ready to meet with labor groups to discuss their appeal for wage hikes, with Malacañang stating his doors are open for dialogue.

Palace Press Office Claire Castro emphasized the need to discuss the proposal with all stakeholders, including employers, to understand the potential positive and negative impacts.

She assured that the President is looking for the best way to address workers' concerns while considering the positions of other sectors.

Marcos had previously stated in January that a P200 across-the-board minimum wage increase proposal requires further review.

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