Acknowledging businesses may encounter challenges with the wage increase in the National Capital Region (NCR), the Department of Trade and Industry (DTI) has vowed to continue providing assistance and implement programs that promote business resilience and competitiveness.
DTI Secretary Alfredo Pascual in a statement said the agency will collaborate closely with other government agencies and stakeholders to monitor the impact of this wage increase and to facilitate a smooth adaptation process for all sectors involved.
Pascual also pledged DTI’s commitment to support industries in adjusting to the wage hike.
Pascual noted it is crucial to strike a balance between the needs of workers and the sustainability of enterprises in implementing the P35- increase in the daily minimum wage of workers in NCR.
Pascual though acknowledges this increase is a timely response to the escalating costs of living, saying it reflects government’s shared commitment to improving the quality of life for our workforce.
“We welcome the recent minimum wage increase in the NCR as a significant step towards enhancing the welfare of our workers. By aligning with the latest regional poverty threshold, the wage increase signifies our dedication to equitable growth and economic inclusivity,” Pascual said.
The Regional Tripartite Wage Board on July 1 approved the increase of the daily minimum wage of NCR workers from P610 to P645 for the non-agriculture sector and from P573 to P608 for the agriculture sector and other specified establishments in NCR. The adjustments take effect July 17.
