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A CEBU-BASED labor group said Tuesday, Feb. 13, 2024, that it is capitalists who refuse to reduce profit margins, and not the implementation of wage increases, that cause the rising prices of goods and services.

The philippinesJamie paglinawanSergio ortiz luis jrBienvenido laguesmaSugbo kilusang mayo unoDepartment of laborEmployers confederation of the philippinesSenate billAct providingMinimum wage increasePrivate sectorEmployers confederationSergio ortiz luisSecretary bienvenido laguesmaRepublic actWage rationalization