Marcos to Weigh Economic Impact Before Minimum Wage Decision

President Marcos to Study Economic Impact of Proposed Wage Hike Manila, Philippines – Malacañang announced on Thursday that President Ferdinand "Bongbong" Marcos Jr. will thoroughly examine the potential economic consequences of a proposed increase in the minimum wage. This follows recent calls from labor groups for a significant wage hike to address the rising cost of living. Press Secretary Undersecretary Atty. Claire Castro stated, "President Marcos wants to provide what's best for the Filipino workers." She emphasized that the Palace is committed to a careful assessment of the economic implications before making a final decision. This includes considering the impact on businesses and the overall economy. The government's cautious approach reflects the need to balance the needs of workers with the broader economic stability of the country. The decision will likely have a significant impact on millions of Filipino workers and businesses across the nation. The ongoing review process indicates a commitment to finding a solution that benefits all stakeholders.