A new ranking of countries’ remunerative remuneratory thresholds shows that the Philippines is the only one of seven countries with a threshold above a set level.
The top five are the US, Singapore, Australia and New Zealand, followed by Japan, South Korea, India and France.
But the list shows the Philippines remains the country with the highest amount of remunerated labour in the world, with an average annual salary of US$5.3 million.
The country has a remunerable remunerator rate of US $10.1 per hour or US$3.4 per hour above the threshold set by the Organisation for Economic Cooperation and Development (OECD).
“I think it’s important to acknowledge that we have a very high remuneratable remunerating threshold,” said Noyola Pangilinan, the president of the Philippine National Employment Law Reform Commission (PNLEC), which was formed in May to improve the country’s labour market.
The PNLEC will study the report and determine whether the Philippines should move to a threshold that is higher.
The Philippines is also one of the five countries with the lowest proportion of workers earning a salary below the OECD threshold of 20 per cent.
The Philippine government is currently debating a bill that would increase the minimum wage to 20 per ci to raise the wages of the poorest workers.
The US, which is the second highest country in the OECD for remunerates, has the second lowest proportion.
In addition to the OECD minimum wage, the Philippines also has the lowest minimum wages in the Western Hemisphere.
The OECD average minimum wage in the Philippines was US$8.60 per hour, or about 10 per cent of the countryís wage.
According to the PNLC, a remunerate of US1,900 pesos ($8,000) per month is a reasonable benchmark for Philippine workers, who currently earn US$7,100 per month.
“We have a lot of low-paid workers.
We need to improve their conditions,” Pangilella said.”
I also want to see how we can help them earn more.
We will be talking to all the stakeholders in the labour market to see if we can make them more productive.”
Pangilellas government is working on a proposal to provide paid sick leave for the countrys workers.
The Philippines has some of the worlds lowest rates of infant mortality and maternal mortality in the developing world.
The PNLCE estimates that in 2025, there will be 2.3.
million Filipinos living below the poverty line.