Pasay City: The calls for a wage increase in the private sector must be carefully studied, President Ferdinand R. Marcos Jr. said Thursday. This statement was made during the 123rd Labor Day celebration at the SMX Convention Center, highlighting concerns about the potential impact of wage increases on the Philippine economy, businesses, and the labor sector.

According to Philippines News Agency, President Marcos emphasized that while the idea of raising wages is appealing, it is crucial to consider its effects on business growth, employment, and economic stability. He noted that the Regional Tripartite Wages and Productivity Boards are continuously evaluating wage levels across different regions in the country.

'Sa usapin naman ng pagtaas ng suweldo, masarap pakinggan ang matatamis na mga pangako, ngunit ang mga ito ay may epekto sa paglago ng negosyo, trabaho, at ekonomiya. Kaya't kailangan na pag-aralan natin nang mabuti (When it comes to salary increases, it's nice to hear sweet promises, but they have an impact on business growth, jobs, and the economy. That's why we need to study them carefully),' Marcos stated. He reassured workers that their demands for better wages are being addressed through these regional boards.

Moreover, President Marcos reiterated his administration's dedication to safeguarding workers' welfare and fostering inclusive economic development. He acknowledged that 16 regions in the Philippines have already implemented wage increases since June 2024, with a total of 28 wage orders approved. 'Sa kabuuan, 28 wage orders na ang naaprubahan. Nais nating tiyakin ang inyong kapakanan, hindi lamang sa ngayon kundi sa pangmatagalan (In total, 28 wage orders have been approved. We want to ensure your well-being, not just now but in the long term),' he added.