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Moderate wage hike won’t affect employment, prices
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Moderate wage hike won’t affect employment, prices
ALBAY – Backed by firm-level data and national price trends, recent research finds no evidence that moderate minimum wage hikes in the Philippines will hurt employment or fuel inflation. Two quantitative studies from University of the Philippines’ (UP) School of Labor and Industrial Relations show that the economy can absorb moderate wage hikes without triggering job losses or inflation. Both were key concerns raised in debates over House Bill …
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