04/06/2025
Solving Inflation and Poverty Management: An idea by CJ Mendoza, kasi hindi na nakakapag-isip ng tama ang ating mga politiko.
1. Support for Entrepreneurs – The government should assist entrepreneurs in sourcing low-cost supplies or, better yet, help them develop affordable products for consumers.
2. Standardized Business Operations – To prevent inflation, the government should standardize business operations across all sectors, provide financial assistance to entrepreneurs, and support marketing efforts to ensure stability.
3. Improved Employment Monitoring – Instead of relying on agencies like DOLE for manpower regulation—where oversight is often ineffective—the government should address workplace abuses at the recruitment stage, ensuring fair employment practices from the start.
4. Fair Minimum Wage – The minimum wage should be set at ₱1,600 per day to accommodate the ₱20,000 monthly expenses of the average Filipino. A lower-middle-class worker should earn at least ₱40,000 per month to ensure financial stability, progression, and security over the next decade. The ideal distribution is 50% for needs, 30% for wants, and 20% for savings.
5. Regulating Private Sector Salaries – To enable companies to provide a ₱40,000 minimum wage, the government must closely monitor supply chains and business profitability. Many businesses operate with 100%-200% profit margins while excessively hiring employees, leading to overwork and unfair wages. This cycle causes dissatisfaction among workers, forcing them to resign—ultimately making employees victims of corporate greed.
The Bottom Line: The government should leverage its agencies to regulate business pricing and recruitment practices. By reducing workforce numbers while increasing salaries, employees will break free from debt, enjoy life, and secure their family's future. A lean but well-compensated workforce will be more efficient, productive, and motivated, handling multiple tasks while maintaining a strong financial foundation.
Current Situation – The minimum wage in Metro Manila is only ₱645 per day, which is far too low. Businesses tend to overburden employees with tasks beyond their contracts due to low wages. However, if salaries were increased and costs lowered, lower-middle-class citizens could survive and progress financially.
Additionally, government-imposed fees on small businesses hinder their ability to offer low-cost supplies. For instance, a sari-sari store pays ₱20,000 per quarter for a business permit, plus an annual ₱50,000–₱100,000 in taxes to the BIR. The government must recognize this burden and implement fair policies to support small enterprises.
