Philippines: As prices go up, labor chief wary of wage hike

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Labor Secretary Silvestre Bello III on Thursday warned of possible business closures and loss of employment if his agency endorsed a wage hike for workers, as the prices of basic goods go up. 

The “status of employment” is more important for workers than a salary increase, he said in a public briefing. 

“If we will grant or recommend the approval of their petition na tataasan ang suweldo from P537 to P700, P750, baka hindi makayanan ng mga employer,” said Bello. 

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