Its campaign time and most likely this measure will mean more votes for the members of this HOR. However iit does not dwell among the ones who will bear the burden; its so easy to pass the measure wihtout the consent of the stakeholders. Most likely:
1. It will cause the demise of small scale and medium enteprises. At this stressful business environmnet: inflation, shrinking markets, unstable situation, many can ill afford to survive if at all pay these wage hike. That is why we have wage board. This is a hefty P5,000/month wage hike per month or P65,000 per year. And if you have 100 employees, thats a whopping P6,500,000 a year, a number that many cant afford.
2. Inflation. Most likely the manufacturers, producers, traders will pass on the additional burden adding upon layers of price increase in the supply chain: producers, traders, truckers, middlemen. We end up with nothing. Price increases will eat up the gains in wages.
All ready there are allegations of wrong doing in the budgetting process: insertions, ayudas that really campaign kitties of incumbent senators and congressmen running into billions and now this: grabbing benefits/more ayudas from private sectors.
Its not easy earning money in business. It takes hard work, diligence, blood, sweat and tears, And it all it takes is a stroke of pens to end all these economic activity to help build the nation
Maghunos dili kayo sirs/mams, maawa kayo
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