ORGANIZED labor has pressed its demand for a P500 monthly cash or voucher subsidy for the estimated four million minimum wage earners around the country as the value of the minimum wage had fallen down by six percent during the first two months of implementation of the Tax Reform Acceleration and Inclusion Act or Train Law.
The country’s biggest labor coalition, the Association of Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP), on Sunday said based on monitoring of prevailing prices made by the Bangko Sentral ng Pilipinas and the National Wages and Productivity Commission released on February 9, the real value or the buying power of the country’s 17 regions’ total average daily nominal minimum wage of P329.35 is now only P210 a day.
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