Highest Minimum daily wage Philippines 2022
This article will tell you about the daily minimum wage in the philippines. If anyone wants to go there, they might have these questions like how much is the daily minimum wage in the Philippines? How does that work? What’s considered as best or amazing in terms of salary? How do things cost over there? Minimum daily wage philippines 2022
These all questions help them get a better picture in their minds of what things cost. The minimum wage varies per region in the Philippines and this is determined by a committee or government called the regional tripartite wages and productivity board. So they based the minimum wage on the cost of living in that area, social economic factors, salary trends etc.
Highest Minimum daily wage philippines 2022
The biggest cities, metropolitan cities like Cebu, Davao And Metro Manila, are the ones that have the highest minimum wage in the Philippines as of June 2022. The productivity board actually increased the wages of a lot of regions in the Philippines. Minimum daily wage philippines 2022
- Metro Manilla
Metropolitan now has a minimum daily wage of full-time work that means 8 hour work in a day. The average minimum daily wage of the Philippines city Metropolitan is around 87 cents. Metro Manilla has the highest minimum wage of 10.87 cents.
- Davao
The average daily wage in the Philippines for the city Davao is 8.37 cents. This is the highest minimum wage there. Minimum daily wage philippines 2022
- Cebu
The daily minimum wage in Cebu is 8.58 cents, which is the third highest daily wage in philippines. So that means if you have a person earning average daily income, they are doing full.time workshops 25 days eight hours a day. They will be making in Metro Manilla and they will be making 271 a month. For Cebu it’s 214 and for Davao it’s 209 . So are these rates good starting salaries? Well , to be real and honest, no. They are not good salaries. But why is that? Minimum daily wage philippines 2022
This is because of their monthly expenses. The average family , let’s say a family of three people and a sole breadwinner. That sole breadwinner is earning its average daily income in the Philippines and the cost , the range of the cost is pretty wide because we are taking into consideration the lowest possible cost to cover the average daily expense of the Philippines. The provinces where they have a lower cost of living , so even taking that into consideration you will see that the lowest possible expenses and the lowest possible cost would come around 660 dollars and the highest possible cost. Minimum daily wage philippines 2022
Does this mean that person is working in Metro Manilla? Everything is more expensive there. It could be as high as 2259 dollars. This cost also included other possible expenses that we may not be able to account for. That varies from region to region or family to family. So if you are spending at least 660 dollars not without even looking at the other possible expenses.
Let’s compare this to the current minimum wage . Minimum daily wage philippines 2022 So if in Metro Manila you are earning 271 dollars a month that is just a third of what you need to survive for your family to survive if you are spending only 660 dollars a month and this is the reason why most Filipino homes have two breadwinners. And working abroad is such an attractive option because if you are making minimum daily wage in the Philippines you may not be able to support your family with this income. You will barely even support yourself.
Reduced Average Daily Expenses Due to Work From Home!
But when Filipinos work from home, a lot of those expenses can go down because you don’t have to go out as much. You don’t have to buy new clothes as much. You don’t have to spend for a jeep or a train and some might be able to get rid of the rent altogether. The reason why a lot of people are renting is so they could live closer to their offices but if they can work from home they can work from home or they can live with their relatives. It could be rent free.
Or if they are living with their relatives or still paying rent at least they will be sharing the rent or it’s not as high. When Filipinos work from home, the Internet cost goes up because they have to pay for a backup internet. They tend to get a better plan. Electricity costs also rise because of the more usage of computers, fans, air conditioners. Minimum daily wage philippines 2022
FAQs
How much will the regional average annual income be in the Philippines 2022?
In the three months to June of 2022, full-time employees’ average weekly pay was $1,070. Women’s average weekly earnings were $971, or 83.4% of men’s average annual earnings of $1,164.
Does the Philippines have a low wage?
The workers or staff members in the Philippines get the lowest minimum wage. Their average daily minimum wage ranked 57th out of 64 countries according to the survey report. Their minimum wages are ranked lowest in Southeast Asia.
Are the annual pay increases in the Philippines?
The expected increase in the Filipinos average minimum wage yearly is 5.5% by 2022 report of Total Remuneration Survey.
This is comparatively higher than last year’s ratio which is 5.3%.
Why are Filipino wages so low?
As there are very less vacancies and many job applicants which as the matter of fact is a supply and demand situation.
