MANILA - The wage board in Metro Manila has come up with a "very reasonable" computation for a minimum wage hike, Labor Secretary Silvestre Bello III said Monday.
The National Wages and Productivity Commission considered the positions of both employers and the labor sector, Bello said. He did not elaborate on the figures.
"Taking into consideration yung inflation rate, pinakita na sa akin ang computation niya at mukha namang very reasonable ang kanilang evaluation," he told DZMM.
(Taking the inflation rate into consideration, I was shown the computation, and the evaluation appeared very reasonable.)
The Associated Labor Unions-Trade Union Congress of the Philippines has petitioned the wage board to ass P334 to the P512 minimum wage in the capital.
"Talagang hindi makayanan yun. 'Yan ang sinabi ng mga economic adviser. It may result to unemployment," he said, referring to the amount asked by labor.
(It may not be sustainable. That's what our economic advisers are saying. It may result in unemployment.)
Alan Tanjusay, spokesperson of the ALU-TUCP, said employers group withdrew their counteroffer of a P20 adjustment, while maintaining that P334 could be too high.
The wage board will meet again on Tuesday and a decision is expected to be formalized in time for the Christmas holidays, he said.
"It's a trick or treat situation para sa mga manggagawa. Pero sana huwag naman sanang gawing trick," said Tanjusay.
(It's a trick or treat situation for labor. Hopefully, it will not be a trick.)