Undersecretary Abigail Valte, deputy presidential spokesperson, told a press briefing last Tuesday that President Benigno Aquino III has rejected the proposed P125 legislated wage hike for minimum earners. Valte told her audience that upon consulting Aquino about the proposal Tuesday morning, he presented to them a computation showing that employers will be shelling out P42,250 for the salary increase of each employee. Showing a slide with the calculations, the Palace people got this figure by multiplying P125 by 26 days and multiplied the result further by 13 months. They added that this P42,250 multiplied by 38 million workers in the country would result in expenditures for employees of P1.6 trillion (mistakenly written as 1,605,500,000 trillion [or 1.6 billion trillion] in their slide).
Every semester, I get the op-portunity to lecture about national industrialization and its relation to science and technology development at several Science, Technology and Society classes in the University of the Philippines in Diliman. I discuss about the need to develop domestic industries, not only to provide local employment and goods, but also to push for local science and technology to flourish outside the academe and have an impact on a larger part of Philippine society.