Scribd
Upload
6 views3 pages

BasMicro_M6-Evaluate_Castillo (AutoRecovered)

The proposed minimum wage for Ozamiz City is ₱550 per day, aimed at helping workers cover essential living costs such as food, rent, and utilities. This wage is intended to improve workers' quality of life, support local businesses, and promote economic growth, while also addressing challenges like potential financial strain on businesses. The proposal highlights the need for a balance between fair compensation for workers and manageable costs for employers.

Uploaded by

綾小路清隆
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
6 views3 pages

BasMicro_M6-Evaluate_Castillo (AutoRecovered)

The proposed minimum wage for Ozamiz City is ₱550 per day, aimed at helping workers cover essential living costs such as food, rent, and utilities. This wage is intended to improve workers' quality of life, support local businesses, and promote economic growth, while also addressing challenges like potential financial strain on businesses. The proposal highlights the need for a balance between fair compensation for workers and manageable costs for employers.

Uploaded by

綾小路清隆
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

PROPOSED MINIMUM WAGE POLICY FOR OZAMIZ CITY

Proposed Minimum Wage: ₱550 per day

Current Wage Levels:


o The current minimum wage in Ozamiz City is insufficient for workers to cover their
basic living costs. Based on local data, many workers struggle with meeting essential
needs like food, housing, and utilities.
Cost of Living:
o Basic Costs:

 Food: Monthly grocery expenses range between ₱4,000 - ₱6,000.


 Rent: A 1-bedroom apartment costs ₱7,000 to ₱9,000 per month.
 Utilities: Monthly bills for electricity, water, and internet are around ₱2,500 -
₱3,000.
2. Common Types of Jobs
o Many of the jobs in Ozamiz City are in retail, food service, and manufacturing.
Workers in these sectors often face low wages, making it difficult to cover basic living
expenses.

Proposed Minimum Wage: ₱550 per day

Key Reasons for this Wage Proposal


1. Aligns with Cost of Living
The proposed ₱550 per day will allow workers to meet essential expenses like rent,
utilities, and food without falling into poverty.
2. Supports Workers’ Well-being:
This wage ensures workers can sustain themselves and their families, improving their
quality of life and job satisfaction.
3. Balances Needs of Businesses:
The proposed wage is manageable for businesses in Ozamiz City, especially small and
medium-sized enterprises, and will help reduce turnover by promoting employee stability
and productivity.
4. Promotes Economic Growth:
Higher wages result in more local spending, which will benefit local businesses and boost
the overall economy in Ozamiz City.
Expected Benefits & Challenges
Benefits
For Workers
o Better financial stability and ability to meet basic needs.
o Improved quality of life and reduced poverty.

For Employers
o Reduced turnover and higher employee satisfaction.
o Increased productivity as employees feel valued and compensated fairly.

For the Community


o Increased local spending boosts the local economy.
o Reduction in poverty and social inequality.

Challenges
For Businesses
o Some businesses may face initial financial strain adjusting to higher labor costs.
o Small businesses may require additional support or incentives from the
government to meet the new wage standards.
For the Economy
o Businesses may pass on higher costs to consumers, leading to potential price
increases.

Call to Action

You might also like