By Dominique Gabriel G. Bañaga
A local labor group yesterday expressed alarm over the country’s current inflation rate.
General Alliance of Workers Association (GAWA) Secretary-General Wennie Sancho said the high inflation rates has caused an “unabated increase” in the price of primary commodities and basic goods.
He pointed out, rates have worsened the economic situation and blamed the “incorrect handling” of economic policies and the imposition of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
Sancho said, based on data from the Associated Labor Unions-Trade Union Congress of the Philippines, the average minimum wage is P335 per day. He explained, with current purchasing power running at P200, around P155 is lost due to inflation
The GAWA official pointed out, if the trend continues, organized labor in the Western Visayas will petition for another round of wage hikes.
“The justification for this wage hike is the existence of a supervening condition,” Sancho pointed out.
The current inflation rate is 5.7 percent./DGB, WDJ