I am Not in favor of a Minimum Salary Wage Increase

Labor Day, 30,000 Protesters as expected in Mendiola, Manila, Philippines but the actual present Filipino people who join the rally are only reaching to 7,000.

The Philippine president rejects the P125 (125 Philippine pesos or 2.88 USD) increase minimum wage, and I think it is right.

I feel that once the government implemented, or granted the increase of 125 PhP minimum wage, those job company owners will forced to cross cutting of workers, and more “NO JOB VACANCY” results.
Happy and lucky to those who are in a presently working employed individual, but bad and unlucky to the Filipino people who are still looking, seeking for a vacant job.

We already know that either low salary or high paying job that the employed worker receives, it is still not enough if they spend it more on liabilities instead of prioritizing assets.

There are many ship captains that receive more salary earnings working as a seaman while having no house of their own but presently living by renting on apartment, renting in a subdivision owned by someone else, or boarding house, that in the end, they didn’t invest while living in the remote farm when they get old.

There are many Filipino people who engage in a traditional business for a starting capital of only 50 Philippines pesos (1.15 USD), but manage to grow more their earnings.

So, it’s about how you spend your earnings wisely, or receiving a high salary is not enough, and another dream of an increase of salary to wish for.

To take a note that a ready to buy foods here in Philippines were very cheap compare to other foreign countries...

Or Filipino's forgot to maintain of having a minimum of 1 or 2 kids; instead of making 10 children's to feed...

An estimated 5,000,000 Unemployed Filipino people and a 3,000,000 are presently employed; and an estimated of 600,000 total of job applicants.

Click the link to read the proposed minimum wage increase in Western Visayas Philippines
http://expertscolumn.com/content/proposing-minimum-wage-increase-page-1

Currently, 5,000 accepted new applicants on May 2012 Jobs Fair conducted on City Shopping Malls out of 300,000 available slots.

78,000 available jobs inside Philippines
216,000 available jobs abroad, to work on foreign countries
300,000 a total available jobs

It is very hard to find a job nowadays that is appropriate, to fit the qualification of each applicant.
Instead of finding, seeking for a job, why not engage in a small capital traditional business or earning a passive internet online-offline of buying and selling, or both?