Proposed legislated P200/day salary hike, its effect on the economy

Looking forward to the future of business

Politicians would always want to be popular with the masses, the working man at the expense of economy and over all health of the nation.    There is the prospect that the P200.00/day wage hike will be passed.  We hope that our lawmakers will study and debate well this proposal.  Surely, without the study, it will mean higher prices and many new SMEs unable to meet the said wage:    either they violate or they close shop.   We copy the US example and now they have $37 trillion budget deficit, not to mention industries leaving their country.  Not to mention foreigners investors doing their business elsewhere.  

Think about this.  

We cant just keep printing money or borrow from capital and money markets.  We must keep our prices and costs in line with each other, and investors a just return for their capital

Will Donald Trump be impeached? Will a socialist govt take over and spell doom for USA

Professor on Entrepreneurship

Rizal Philippines
October 9, 2019

From Florida politics

From Casey Research, The Rise of Soviet America

We are not US experts, nor do we want to intervene is US domestic affairs (as some Senators are wont with regards to De Lima case)  But the move to impeach Trump is gaining grounds and the Socialists are (together with the Democrats) are behind the move.  And their daring moves include:   free health   care for everyone, writing off student loans and more all totally $40 trillion dollars a year, dwarfing the US $21 trillion deficit. And where will US govt these:  from more taxes (of the rich) and sequestering private savings. wealth forcefully and or/unwillingly by printing more money without value (inflation)

And these will change the quality of life as is happening in Venenzuela which is in hyperinflaction and characterized by migration from a nation typefied by scarcity and hardship.  Will this come to US land of the free.  Everywhere, as in USSR Germany has often resulted in hyper inflation and hardship.  The fall out on the Philippines may not be so severe but Phil will be affected due to trade, BPO, and OFW...

But will the politic fracas oust Trump.  No. Experts predict that it is the Fed rates rising that will cause the US stock market to crash and that is worrisome for many bankers.   And economists.