JFC on minimum wage increase: it will present more cons in the long run than pros

The Joint Foreign Chamber of the Philippines (JFC) is not in favor of the “across-the-board wage increase” in Manila, in reference to the petitions for minimum wage hike in the National Capital Region (NCR).

In a statement on Tuesday, the JFC said that if a minimum wage increase at present would be granted, it would not yield to benefits, but instead would negatively affect the sectors in the long run.