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
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