moderator's note
lalakingbisdak: please keep the racist remarks to yourself.
moderator's note
lalakingbisdak: please keep the racist remarks to yourself.
Dili jud ni siguro madayon kay wala man madayon ang 3rd and 4th reading. Gi moved pa sa July ang next session ani. I doubt madayon ni kay the Philippine Chinese Chamber of Commerce against ani except ang mga western companies, ok ra nila.Originally Posted by lestat1116
Sorry about this post. Thanks.Originally Posted by lalakingbisdak
ngano dumot man kaayo ka sa mga chinese?
ok ra sa western kay dollars man ila wat bout mga pinoy businessmen? nagagad man mi sa peso...
On the other side, with increase salary, people will have more spending power. They could spend more which ultimately will be good for business.Originally Posted by pnoize2k6
Whats the ideal ratio of profit vis a vis expense occured for the production of the goods. The issue boils down to how much profit ceiling will businessmen want to retain.
What business is objecting is the reduction of their profit margin. But as to whether they could absorb salary increases, I think thay are fully capable.
Di man ko dumot sa chinese. Im just wondering why they are opposing all good things for their workers. It seems like they dont want their workers to have a good life. They want their workers to feel like what they have in china right now. Not enough income to survive and all that stuff. Tan awa aning salary increase, kinsa man ang number 1 oppose ani but the Chinese Chamber of Commerce. I hope dili lang huna hunaon sa mga chinese businessmen/women ang ila bulsa. What about us, the minimum wage earners? I hope Filipinos will welcome western investors than the chinese kay mas they treat us humanly.Originally Posted by lestat1116
I even prefer to work with a Japanese or Korean companies than chinese.Originally Posted by lestat1116
Have you thought of the number of SMEs that may close down because of this? These SMEs are the lifeline of our workforce. As it is, a good number of SMEs are already having a hard time coping. Now, let's do a little math:
For every SME, let's say there are at least 10 employees. Let's say this company earns about 1M a month.
Now because of the salary increase, they will now have to spend (125.00 x 26 days x 10 employees) P32,500.00 extra per month or 31%. SSS, Pag-ibig and PhilHealth employer's contribution is not included. Imagine, 31% extra expense.
What is the ideal profit? Ideally it would be at 100% but in reality, most SMEs companies only earn about 20% - 50% gross, I know some companies that only earn at 10%. And what is the sense of putting up a company if you're earning less than 10% gross and yet you'd have to shell out 31% extra?
If you want the company to survive, where would you get this 31%?
Obviously this would have to be passed on to the consumer.
Therefore, what purchasing power will there be when the same amount will be passed on to the consumer?
or close down the company leaving 10 new members to the unemployment statistics.
wats ur job and wer do u work lalakingbisdak? murag how u talk nagsalig man ka og something
More spending power? This unconscionable wage hike could only drive up inflation, since labor costs would also go up. So much for spending power.Originally Posted by marke
Mind that I am not against a wage hike, but a reasonable one must be determined by the regional wage boards, balancing the interests of workers with the capacity of their employers to increase compensation. Non-wage benefits can also be considered to increase the spending power of the workers.
Again I say, if this legislated wage hike is implemented, it will kill small and medium enterprises that cannot yet afford the wage hike. This cannot be good for our economy, and this cannot be good for workers who stand to lose their jobs. SMEs employ a large portion of our labor force, and their demise could cause economic pandemonium.
No doubt rich companies are capable of sustaining the salary increase, and mainly object to the reduction of their profit margin. But AGAIN, IT IS NOT RICH COMPANIES THAT WILL BE HARDEST HIT BY A LEGISLATED WAGE HIKE! if you have paid attention to my previous posts on this. It is SMEs who are still struggling to survive amidst soaring oil prices, and it is the many workers who will surely lose their jobs, and it is us who will be affected by the resultant higher prices of commodities.What business is objecting is the reduction of their profit margin. But as to whether they could absorb salary increases, I think thay are fully capable.
Ayala Mall pagka karon. End ko work next month kay lagot ko gamay sweldo.
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