The Senate has given its final approval to a bill that will increase the daily minimum wage of workers in the private sector by P100.
Senate Bill 2534, titled “An Act Providing for a 100 Pesos Daily Minimum Wage Increase for Employees and Workers in the Private Sector,” received 20 affirmative votes, with zero negative votes and zero abstentions.
The bill excludes establishments with less than 10 employees, establishments with a capital of P3 million and below, and establishments registered under RA 9178.
The current daily minimum wage in the National Capital Region is P610. The bill aims to improve the welfare of private-sector workers and has been supported by several lawmakers.
However, some groups, including the Department of Labor and Employment, have expressed concerns about the potential negative effects on inflation and small and medium enterprises. The bill will now proceed to the House of Representatives for further deliberation.
Source: PhilNews24 | February 20, 2024
