VOICE OF THE MILITANT AND PROGRESSIVE FILIPINOS

Worker wages not keeping up with their productivity

Worker productivity constantly increases, but workers don’t feel this with higher wages.

NCR worker productivity increased by 42% over 2012-2021, measured as gross regional domestic product divided by employment. But the minimum wage only went up by 18%, so the productivity increases went to bloating corporate profits. The top 1000 firms soared 68% over that same period.

The minimum wage didn’t keep up with inflation, and the real wage fell by 5%, measured in constant 2018 prices.

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