Presidential Adviser for Entrepreneurship Jose ‘Joey’ Concepcion III said micro-enterprises should be exempt from salary hike orders as they are still reeling from the effects of the Covid-19 pandemic and the conflict in Eastern Europe.
Concepcion said this after the wage boards of Metro Manila and Western Visayas approved an increase in the minimum wage for workers in various sectors in the regions.
“They have very little working capital, and whatever they earn for the day, they re-invest in the business just to keep going,” he said. The Go Negosyo founder cited a precedent in the exemption when the Regional Tripartite Wages and Productivity Board in Region V provided an exemption in 2004. It excluded from the coverage of an order raising minimum wage rates in Region V “workers registered in Barangay Micro Business Enterprises.
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