The minimum wage is a crucial aspect of labor regulations, designed to ensure fair compensation for workers and maintain a decent standard of living.
In Metro Manila, the capital region of the Philippines, the minimum wage plays a significant role in the lives of countless workers and their families.
This article aims to shed light on the current state of the minimum wage in Metro Manila and its impact on various sectors of the economy.
Wage Order No. NCR-24
Under Wage Order No. NCR-24, the minimum wage for non-agriculture sector workers in NCR will be P610. For those working in the agriculture sector, service and retail establishments employing 15 or fewer workers, and manufacturing establishments employing less than 10 workers, the minimum wage will be P573 starting on July 16, 2023.
Upon effectivity of this Wage Order, minimum wage earners in the private sector in the Region shall receive the amount of FORTY PESOS (P40) increase in the basic wage per day.
New Minimum Wage Rates: The new daily minimum wage rates in NCR shall be as follows:
|Sectors/Industry||Current Minimum Wage Rates (Wage Order 23)||New Wage Increase||New Minimum Wage Rates|
|Agriculture (Plantation and Non-Plantation) Service/Retail Establishments employing 15 workers or less|
Manufacturing Establishments regularly employing less than 10 workers
The minimum wage serves as a crucial tool in addressing income inequality and ensuring that workers receive fair compensation for their labor. By setting a floor on wages, it aims to provide workers with the means to meet their basic needs, support their families, and contribute to the local economy. Additionally, a reasonable minimum wage can help reduce poverty rates and stimulate domestic consumption, thereby fueling economic growth.
The minimum wage in Metro Manila is a critical component of labor regulations, aimed at promoting social justice, reducing poverty, and providing workers with a decent standard of living.
While the specific minimum wage rates can vary depending on the sector and the number of workers employed, their purpose remains consistent — to provide fair compensation for workers and maintain a balanced labor market.
By continuously reviewing and adjusting these rates, the government seeks to create an environment that supports both workers and businesses, ultimately contributing to the overall welfare and development of Metro Manila’s workforce.