18th Article | Volume 02 | Issue 02

Balancing Growth and Equity: Exploring Generation Z's Perspectives on Minimum Wage Policy and the Adoption of the Singaporean Model in the Philippines 

Severo C. Madrona Jr.

Professor and Dean, College of Business Administration, City University of Pasay

Pasay, Philippines

Published: May 2024

DOI: https://doi.org/10.17613/kngm-bp22

Abstract

This study investigated Generation Z's perspectives on abolishing the minimum wage in the Philippines and their understanding of the Singaporean Progressive Wage Model (PWM). Utilizing a descriptive survey research design, the study distributed a structured questionnaire to a stratified sample of 600 respondents born between 1997 and 2012. This approach ensured diverse demographic representation across gender, socioeconomic status, education level, and geographic location. Findings indicate a pronounced resistance to the elimination of the minimum wage, with widespread concerns over potential economic instability and increased wage disparity under alternative models such as the PWM. Nonetheless, the PWM received favorable evaluations for its potential to enhance stability (75%), employment conditions (60%), and worker well-being (45%). Conclusively, the study underscores the necessity for improved public education concerning wage models and advocates for policy adjustments tailored to the local socioeconomic landscape to address Generation Z's concerns effectively. Such strategic initiatives are essential for cultivating a more inclusive and equitable labor market

Keywords: Generation Z, Philippines, minimum wage, Singaporean wage model, wage policy, labor economics

How to cite:

Madrona, S. (2024). Balancing Growth and Equity: Exploring Generation Z's Perspectives on Minimum Wage Policy and the Adoption of the Singaporean Model in the Philippines. International Journal of Multidisciplinary Educational Research and Innovation. 2(2), 275-285. https://doi.org/10.17613/kngm-bp22.