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NewsTranscript
00:00Meanwhile, President Ferdinand R. Marcos Jr. has promised that he will study the big increase in wages of the workers.
00:07According to the President, it needs to be balanced, especially the micro, small and medium enterprises that cannot afford to give a big increase in wages.
00:17On the other hand, President Marcos Jr. assured that the government is continuing to talk about the wages and the impact of inflation that is affecting the prices of the primary buyers.
00:30But we'll see, we'll try to resolve that because, as you know, it's very clear that the prices are increasing, that the inflation is still there, it's not yet complete.
00:45It's certainly something that we have to think about to assist the common people.
00:53There are other, there are other, that there's only, it's not only one side to this question, there are many sides to this question.
00:59The employers are worried that they are saying, especially the small employers, for example, sari-sari stores, garages, parlors, beauty parlors, the small ones.
01:16If the minimum wage is increased, their employees will be reduced because their money is still the same, they won't be able to increase their salary.
01:26So how will that, how will that affect the economy? How will that affect the MSMEs?
01:33It's really the small, it's a corporate, there's no problem with that.
01:36The big corporations, they can do that, whatever increase you put, they can do that.
01:42But the small ones, that's what others are worried about.
01:45And if there will, we are also studying if there will be an increase in consumer pricing.
01:54Meaning, inflationary, it might become inflationary.
01:58But I think there is a way to increase that, but we have to resolve the legal issues, we have to resolve the economic issues.