WHEREAS, the nation now faces a continuing crisis as a
result of wide-ranging developments in the world's economic and political
systems;
WHEREAS, a need exists to sustain the momentum of national
growth established in the past years and ensure a development path that is both
enduring and compassionate;
WHEREAS, the National Tripartite Conference on Wages,
Employment and Industrial Relations was convened on 15-16 August, 1980 to
address itself to meeting this need;
WHEREAS, the delegates to the Conference proposed, in
response to the challenge, to make certain adjustments in the wages of workers
to ensure a decent living wage for them and the continued viability of business
and industry;
NOW, THEHEFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution, and upon
the recommendation of the Minister of Labor and Employment and the Cabinet
Standing Committee, do hereby order and decree: