Higher inflation is eroding the nominal wage, but due to infrequent and meager wage increases, the real value of this has even declined. In the NCR, the real wage as of March 2023 is the lowest in 12 years and lower than 34 years ago.
Employment
NCR nominal vs real wages
IBON Foundation
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1 min read
IBON Foundation
IBON Foundation is a non-stock, non-profit development organization. We have been serving the Filipino people through research and education since 1978. IBON seeks to promote an understanding of socioeconomics that serves the interests and aspirations of the Filipino people. We study the most urgent social, economic, and political issues confronting Philippine society and the world.
