BoardRoom Discussions

I read an article a few days back about the dilemma of small and medium size companies having to cope with the rising labor cost. An old argument was presented ” cheap labor cost generates more jobs to the unemployed”. Because of higher wages, the Philippines is becoming a less preferred investment destination

On the labor side, year in and year out, groups representing this sector has been consistently pressing for a wage hike. The present minimum wage, according to them, is not aligned with the rising cost of living.

These opposing mindsets have its own merits. A healthy debate, though, may help form a new paradigm that will be beneficial to all concerned. Herewith are my thoughts on the issue:
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