Minimum Wage 2024 Philippines. An act providing for a one hundred pesos (pioo.oo) daily minimum wage increase for employees and workers in the private sector. Often, the wage board factors economic signals such as inflation, cost of living, and economic growth for the increases.

The regional tripartite wages and productivity board (rtwpb) has approved a p35 wage increase for workers in the private sector in the national capital region. Thus, regional wage boards have been given more authority to determine the appropriate minimum wage.