WHEREAS, the National Tripartite Conference on Wages,
Employment and Labor Relations held in Tagaytay City on 25-27 May 1978 has
recommended the non-inflationary and early upward adjustment of existing
statutory minimum wages in the country;
WHEREAS, the same Conference has urged the implementation of
its recommendation taking into consideration the imperatives of development,
cost of living, productivity, employment, balance of payments, price stability,
the competitiveness of Philippine products in the world market, and industrial
peace;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Republic of the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby decree the following:
SECTION 1. Presidential Decree 928 is hereby amended by
increasing all existing statutory minimum wages in the country by THREE PESOS
(P3.00) spread equally over a period of three years, as follows: 1) ONE PESO
(P1.00) starting July 1, 1978; 2) ONE PESO (P1.00) starting May 1, 1979; and 3)
ONE PESO (P1.00) starting May 1, 1980.
SECTION 2. Employment-intensive cottage industries engaged
in the manufacture of local raw materials primarily for export shall be exempted
from this decree during the first three years of its operations.
SECTION 3. The Secretary of Labor shall promulgate rules and
regulations for the effective implementation of this decree.
Done in the City of Manila this 29th day of May 1978.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JUAN C. TUVERA
Presidential Assistant
