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Voices About the Minimum Wage: the Employee, the Informal and the Employer
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Since December 1st, the tripartite table has started to fix the minimum wage increase between the government, workers and employers and, so far, there seems to be no agreement. By law, the minimum wage must rise at least at the same level as inflation, which in 2025 is projected to be 5.2%. Trade unions propose a much higher increase, from at least 16%, which would leave the minimum at 1.8 million pesos. They argue that this will move the econom…
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