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NewsTranscript
00:00The Labor Groups approved the approval of the Committee on Labor and Employment in the 200-peso budget that will increase the salary of workers in the private sector.
00:09Some groups of employers are concerned.
00:12Here is the first news, Tina Panganiban-Perez.
00:16Increase the salary. Increase the salary. In the law, in the law.
00:23The House Committee on Labor and Employment has approved the budget for the 200-peso daily minimum legislated wage hike for all workers in the private sector.
00:34This happened one day after several Labor Groups and congressmen discussed it with House Speaker Martin Romualdez.
00:43The current daily minimum wage in the NCR is 645 pesos.
00:49It is stated in the bill that all employers in the private sector, whether agricultural or non-agricultural, and in terms of capital and number of employees, must pay an additional 200 pesos.
01:04Those who oppose it will have to pay 50,000 to 100,000 pesos and will be jailed for two to four years.
01:13It's four years. It's been more than eight months since the hearing because we need to give enough opportunities to all groups, groups, groups of leaders, investors, employers, workers, and our government.
01:30But according to the Employers Confederation of the Philippines, it will only benefit a small number of people.
01:36It is also possible for it to increase the price of products and services.
01:42When the minimum wage is approved, 16 percent of the 52 million are benefited, the other 84 percent, many of them are in the informal sector, many of them don't have employers.
02:01It's a remedy. They will increase their price if the market can afford it or if the number of people will decrease.
02:09It is also possible for foreign businessmen to go abroad because of the different policies of the government.
02:15People are desperate and investors are afraid because they know that we have a policy.
02:22If the wage is suddenly decreased, we will be unpredictable, but investors are afraid of us.
02:29The Panokala is being held for hours so that the Panokala can go to the chamber because only a few days are left before the session on February 7 is adjourned to improve the campaign period of the election of 2025.
02:43To speed up the approval of the Panokala, some congressmen are calling on the President to issue an urgent certificate.
02:51This is the first news. Tina Panganiban Perez for GMA Integrated News.
02:57Igan, you are the first in the news. Subscribe to GMA Integrated News on YouTube for updates on our country.