Pacquiao pushes P125 wage hike

[peewee_toot]

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^ngano naka ingon mn ka ana?

[SioDenz]

Di man pud siguro pasikat ning si Pacquiao. He's not just fit to become a congressman. For sure mabaw kaayo iyang knowledge about businesses mao nang ingon ani iyang decision making.

At least he suggested such things. And i think his intention is good. So maayu nlan na compare sa mga so-called EXPERT in Economics

[cliff_drew]

At least he suggested such things. And i think his intention is good. So maayu nlan na compare sa mga so-called EXPERT in Economics

May he has good intention but if the suggestion/proposal is a crap it is not good at all. Think of the outcome. We already have bunch of useless/outdated laws, don't add this up.

[kreik101]

Kung mag increase man gani ang mga companies pero daghan sad ang mawagtangan ug trabaho maypag dili nalang. May nalang naay trabaho kaysa wala jud.

[Sand Man]

Wala sila nangabuang? Php125 daily wage across the board? dili man kana ang problema, purchasing power man sa peso. after the Php125, what makes you think dili napud sila mangayu hantud ma.abot nag Php1000 per day ang minimum wage? ilang gi.hunahuna pirmi kay minimum living wage.

I think that at this point they are doing as much as they can. Lowering the cost of basic commodities entails a lot of things and not simply lowering the prices. You have to look at what drives the prices up and deal with that.

Pero in giving the workers a little more than what they are currently getting will certainly help them immensely. Especially na karon ang mga presyo nagsige pa ug saka every now and then.

murag naay possibility nga magretrench ang mga companies ani

mo angal jud ang mga negosyante ani. esp kanang daghan og mga employees. but this is good esp on the part of the employees.

I think that this is what happens when companies want to maintain their margins.

For example, if, say, the companies want to hit a $15M revenue for this quarter and think that they won't be able to hit it because they've raised the minimum wage, the quickest "measure" they can do is to cut down on cost ... and manpower is one of the quickest they can get rid of.

Pero if they agree to accept the lesser revenue target (say, $12M) just to maintain the number of people they currently employ, kaya kaayo na oi.

He doesn't know what he's doing. Although I'm not against the move, dili ang pag-increase sa sweldo ang solusyon sa problema rather ang stability sa mga panaliton dri sa atoa nga perting mahala. Nganong nagmahal? It's not rocket science to figure out why.

Yes. I think to accomplish that the Gov't needs to sit down with the businessmen and work on a compromise and meet half way para moubos ang presyo sa mga products. The Gov't can't do this alone...

That's just my take and I don't claim to be an expert or an economist. Your thoughts?

[nealotol]

maytag ma actionan nani ug i approve na sa conggreso..

[MoD]

usa ko ani sa malipay if nay increase.. but for me.. 125 is too much... wa pa gani increase cge na man gani bawas ug tao ang mga companies.. samot na if nay increase.. daghan malipay ana na increase but i guess mas doble maapektohan ana.. mawagtang ug trabaho.. increase sa price sa mga produkto.. worst case ma close ang business..

nindot pud unta muhatag na lng cla incentives base sa performance sa usa ka worker...

[monroy]

I think that this is what happens when companies want to maintain their margins.

Pero if they agree to accept the lesser revenue target (say, $12M) just to maintain the number of people they currently employ, kaya kaayo na oi.

That's assuming that all companies have such large margins. In reality, many small to medium sized companies (which employ nearly 90% of the people here) have very thin profit margins. An increase of P125 will be enough to tip them all into the red.

This is simply bad law. When you craft laws you always have to "think at the margins" so to speak. That means thinking about the companies with small profit margins, not the "ideal" company that you put in your example which is more a fantasy than reality.

Also, it seems you are confused by what is revenue, gross profit and net profit. You refer to margins as if it is the same as revenue, when it's not. Just because a company has $12M in revenue doesn't mean it has fat margins.. they might even be losing if their expenses exceed their revenue.

It's profit margins not revenue margins...

This law will hurt exporters the most, who are the dollar and reserves earning power in the country along with the OFWs. The funny thing about the people who support this law is it seems they think the Philippines operates in a vacuum. If we increase our wages P125 and Indonesia, China and Vietnam maintain their minimum wages, who do you think the foreign buyers are gonna support? The grossly expensive Philippines with prices of export goods that keep increasing year after year, or the other exporting countries with stable pricing?

This is a stupid law no matter how you look at it. The export sector has already been battered and can't sustain another blow like this. They should perform an industry-by-industry wage hike and not a blanket wage hike like this that makes no sense. Different industries have different capacities for absorbing wage hikes. Call centers can absorb an increase like this easily because they have good profit margins but export manufacturing can't take even a P10 hike at this point as many are lucky to be breaking even. Wage increase should be tied to productivity.

[I_dontknow]

klaro kaau running for presidency nis pacquiao aie. if pacquiao can decrease the prices of back to 20pesos/liter or lower and stabilize it. then i will vote him as president in the coming election. raising the wage does not solve anything it just acts like a band-aid IMO unless ma solve ang root.

[Balandido]

maau bitaw ni sa part ng mga workers...

dghan pa unya nig mga deliberations/debates.

unsaon na lamang kung magsara ang kdghanan
sa mga pvt companies kung masunod ang gisuportahan
bill ni pacman?