Comments on: Is Lower Wages Beneficial Investors? http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/ Learning the ropes from employee to entrepreneur Sun, 14 Jun 2009 18:52:04 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Sonnie http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-239 Sonnie Thu, 05 Oct 2006 13:37:23 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-239 Hi Teresa, Your comments are as valuable as those who earlier shared their two cents. My thoughts: If Filipinos will receive adequate pay (good enough to support a family of 4) then one of the parents will have the liberty to engage in other productive activity and focus on raising the kids. Both will not be compelled to engage in corporate slavery. Hi Teresa,

Your comments are as valuable as those who earlier shared their two cents.

My thoughts:

If Filipinos will receive adequate pay (good enough to support a family of 4) then one of the parents will have the liberty to engage in other productive activity and focus on raising the kids.

Both will not be compelled to engage in corporate slavery.

]]> By: Maria Teresa Miranda http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-238 Maria Teresa Miranda Thu, 05 Oct 2006 03:46:19 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-238 Hi Sonny, Though quite late, my comments: 1. I agree with your points for our ordinary workers. 2. I also agree with Jared on item No. 7. Filipino culture has to change. We should negotiate for a price for our skills and talents. If we are not satisfied with the pay, then move to another company. We focus on lifetime employability rather than lifetime employment. Any company will pay higher if the value of the employee is high. So there is no need to impose a higher pay. It will come along if the employee is qualified and talented. On the other hand, If we allow a higher minimum wage or living wage, companies are only willing to hire 1 staff instead of 3 and pay him higher for the work of 3. That would also mean than people are earning higher but only only a few of them. That is what is happening with IT and other multinational companies. They pay high but the employee has to be highly qualified and high performing, but they also maintain a lean workforce. This results to only a few earning better. Hi Sonny,

Though quite late, my comments:

1. I agree with your points for our ordinary workers.

2. I also agree with Jared on item No. 7.
Filipino culture has to change. We should negotiate for a price for our skills and talents. If we are not satisfied with the pay, then move to another company. We focus on lifetime employability rather than lifetime employment. Any company will pay higher if the value of the employee is high. So there is no need to impose a higher pay. It will come along if the employee is qualified and talented.

On the other hand, If we allow a higher minimum wage or living wage, companies are only willing to hire 1 staff instead of 3 and pay him higher for the work of 3. That would also mean than people are earning higher but only only a few of them.

That is what is happening with IT and other multinational companies. They pay high but the employee has to be highly qualified and high performing, but they also maintain a lean workforce. This results to only a few earning better.

]]> By: fredm http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-237 fredm Wed, 13 Sep 2006 04:28:02 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-237 I totaly agree with Jared, specially with item 7. This would also result in a competent workforce because most would strive more to be able to get a higher salary. Regards to all. I'm newbie here :-) I totaly agree with Jared, specially with item 7. This would also result in a competent workforce because most would strive more to be able to get a higher salary.

Regards to all. I’m newbie here :-)

]]> By: Sonnie http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-236 Sonnie Fri, 08 Sep 2006 23:27:22 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-236 Hi Babes, Nice to see you here! Thank you for the valuable inputs.. Hi Babes,

Nice to see you here! Thank you for the valuable inputs..

]]> By: Sonnie http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-235 Sonnie Fri, 08 Sep 2006 23:24:59 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-235 Hi Joyce, "how are we going to help build each other for the good of all and not for the select few only?" You posted a good question. Ideally, those who are well off should extend assistance to the poor and not manipulate them with lower wages. And the poor should not depend on the kind acts of the Govt. and others. Regards Hi Joyce,

“how are we going to help build each other for the good of all and not for the select few only?”

You posted a good question. Ideally, those who are well off should extend assistance to the poor and not manipulate them with lower wages. And the poor should not depend on the kind acts of the Govt. and others.

Regards

]]> By: Baby N. http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-234 Baby N. Fri, 08 Sep 2006 03:45:20 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-234 Hi Sonnie. I agree with some of your thoughts on wages and wage setting in this country. Allow me to add: 1. Wages should be based on productivity and expected output for which that wage is given. Even if our wages are relatively higher compared to other Asian countries, our manpower can develop its competitive advantage in terms of productivity, e.g. more output from a given input, and quality of output. As long as an employee produces more than what he is being paid for, then s/he is still creating value or value added for the organization s/he works for. 2. Depressing wages "to attract investors" is an argument older than our grandparents. An employee must earn a living wage for him/her to return to productive work the next day. What is a living wage? That amount that will keep body and soul together. Or, an amount that will enable an employee to maintain himself as an employee and to produce heirs of future employees so business/es will be able to survive and sustain itself. So long for now. Best regards and more power. Hi Sonnie. I agree with some of your thoughts on wages and wage setting in this country. Allow me to add:
1. Wages should be based on productivity and expected output for which that wage is given. Even if our wages are relatively higher compared to other Asian countries, our manpower can develop its competitive advantage in terms of productivity, e.g. more output from a given input, and quality of output. As long as an employee produces more than what he is being paid for, then s/he is still creating value or value added for the organization s/he works for.
2. Depressing wages “to attract investors” is an argument older than our grandparents. An employee must earn a living wage for him/her to return to productive work the next day. What is a living wage? That amount that will keep body and soul together. Or, an amount that will enable an employee to maintain himself as an employee and to produce heirs of future employees so business/es will be able to survive and sustain itself.

So long for now. Best regards and more power.

]]> By: Sonnie http://santos.ph/entrepreneurship/2006/09/05/a-chicken-and-egg-debate/comment-page-1/#comment-233 Sonnie Tue, 05 Sep 2006 14:02:55 +0000 http://sesantos.com.ph/2006/09/05/a-chicken-and-egg-debate/#comment-233 Hi Jared! How's life in Cebu? IMHO, abolishing the minimum wage will open more abuse from some employers. Hi Jared! How’s life in Cebu?

IMHO, abolishing the minimum wage will open more abuse from some employers.

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