Increasing the Statutory Minimum Wage Rates

October 18, 1990WAGE ORDER NO. IV-01INCREASING THE STATUTORY MINIMUM WAGE RATESWHEREAS, price increases, both actual and anticipatory, have eroded and are expected to further erode the purchasing power of the peso;WHEREAS, such erosion in the purchasing power of the peso necessitates its restoration to maintain stability in the economic environment;WHEREAS, the setting of minimum wage levels is an instrument in the promotion of productivity and employment and the preservation of real wages in the Region;WHEREAS, the spatial configuration of the Region is marked by heterogeneity, with areas classified as:(a) Growth Corridors or rapidly urbanizing and industrializing parts of the Region strategically located near Metro Manila;(b) Emerging Growth Areas or areas with predominantly rural/agricultural resource potential located near the rapidly urbanizing and industrializing parts of the Region and the large Metro Manila markets; and(c) Resource Based Areas with predominantly rural/agricultural resource potential far from internal regional and Metro Manila markets; cdNOW, therefore, by virtue of the power and authority vested under Republic Act No. 6727, known as the Wage Rationalization Act, the Regional Tripartite Wages and...