Sen. Raffy Tulfo filed a Senate Resolution (SR) No. 476 to review existing policies on minimum wage increases.
Tulfo stressed that while there was a minimum wage increase last year, it will not be able to sustain the living conditions of workers.
He noted that many workers are facing financial difficulties brought about by rising inflation. He also maintained that the minimum wage serves as a critical tool for ensuring that workers receive a basic standard of living and for promoting economic growth.
“It is the responsibility of the state to ensure that the minimum wage is set at a level that provides workers with a decent standard of living, taking into account factors such as inflation rates,” the resolution read.
He said it is imperative to improve the standard of living and quality of life for workers, particularly those in the lower income bracket, and to ensure that the policies on the minimum wage increase are fair, effective, and consistent with the needs of the workers and the economy.
It can be noted that the latest minimum wage increase took effect last June 4, 2022, with the rates ranging from P533 to P570 per day in NCR.
The increase in minimum wage outside Metro Manila, meanwhile, took effect between June 6 to June 30, 2022, with the rates ranging from P306 to P470. Macon Ramos-Araneta
Despite the said increase, Tulfo said the rising inflation with a reported rate of 8.7% in January 2023 has significantly impacted the cost of living, making it difficult for workers to make ends meet on their current wages.
Labor groups have already called for a new round of wage hikes to recover the lost purchasing of workers not just in Metro Manila, but in the whole country.