A New Look at Wage Increase
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by Gabriela Fajardo
And I'm back again to increase the minimum wage. Yes, I am irritating at best. But hear me out please.
It's something like this: We raise the minimum wage by at least 50% or from 1 to 1.5 and hold it there. That's not too much, but that will make companies loose money. So we do it this way: Since the prices will go up, the government steps in. Prices rise by .5 or higher, so government has to make sure it stays lower than a full digit increase (that's robbery already) by paying the companies for half of the salary raise or their "losses": ideally .25 or .30 and no higher.
This will be done through the Central Bank. Prices therefore will rise only by.25 or .5 if all goes well. Bank does this for a month or so. This may also bring in other businesses, who will be confident that the "high" wage increase will not hurt their business that much.
Take a good look at it people. It's not a 4 Peso increase or a 2, it's a .5. If you see any loop holes, and there are many, like the one concerning the Bank's money, feel free to say so, together we can polish this and actually turn it into something that works. It is an advance policy, which we must ponder and enact, as much as possible, regardless of politics.
It can be done.
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The only people who will receive minimum wage are the Skill 0s. People of skill 0 have 0 productivity. You are asking General Managers to pay these people more money for doing nothing, when it is hard enough to run a business as it is. If this goes through, prices will go up to compensate this. Then everyone will start moaning that food is too expensive.
A skill 0 person works twice, they will be Skill 1 and get a pay rise. There is no point raising the minimum wage at all. It will only cause inflation.
asking the government to pay for the extra is a financial black hole. We are saving for a Q5 hospital, we can't afford to be paying GM's for their losses.
"This may also bring in other businesses, who will be confident that the "high" wage increase will not hurt their business that much."
You obviously haven't owned a business. Try starting a new business with a high minimum wage in that country. It's hard even if it is just a "small" amount. The Philippines is not a land of opportunity, and that's something that we all have to face. By keeping the minimum wage where it is now it drives in more investors.
If the manager doesn't raise the salary of the employee when he reaches skill level one, that's not the problem of the government.
If the employee is too stupid to still stay in the same job, that is alo not the problem of the government.
The government runs it's own businesses with fair wage increases. If your GM is still paying you minimum wage despite being of a higher skill level, try contacting Bestie101 and see if you can get a position in one of the DoHA companies.
There is nothing to polish.
You are adding direct government involvement in private enterprises.
Managing the economy is hard enough but adding partial financial management of private companies by the government? It is not realistic.
Please also note that the productivity of workers are variable depending on their wellness. The way I see it you are proposing and increase in minimum wage just for the sake of the increase. Thinking it will solve "problems".
I am not debunking your argument because you obviously do not own a business but because your arguments are not well thought out. It is like you are throwing shit and looking what sticks.
To Prime Global, well if my ideas are offensive, then your comparison is worse, as shitty as your comment I may say. To the others, adding government control is something that is not bad. Obviously, you people don't see the works of the game to its fullest. Being followers of its rules, you don't have the courage to experiment and see it first.
Thinking inside the box is what makes this "game of petty governance" look boring. The lack of experimentation and will to go beyond the "dogma".
You can all stutter about your expertise on subjects but that's all that you can do. You can't manipulate anything. You can only flow.
There is no such thing as "no point" Hazzn. A person like you, a person who will run for the presidency, ought not to say "no point". There is always a reason to do things. Such a disappointment. If your reason is the hospital then buy it, but the wage can be increased later.
Big businesses always afraid of the rights of their workers.
Maybe the shit thing is a bit too much but it is only slightly above that.
Declaring the proposal that is for the workers in order to legitimize your proposal is fallacious.
Your proposal is ill thought. And now your trying to justify your position by attacking the position of others and not by giving factual, reasonable and logical arguments. A classic case of short sighted self serving labor politicians/leaders.
There are countries that have high minimum wage but they do not have work available for Skill 0 workers because they can't afford the subsidy cost. Nobody can be born in their country and live long.
Anybody makes a mistake of being born in one of these countries they will die unless they receive gifts.
The ePhilippines is very low in population and we need all the avenues that we can use in order to grow.