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Labor
(technical definition) It is the factor of production which is determined by the number of able people in the population, and their willingness to work.
(official definition) The Labor Code of the Philippines prescribes rules for hiring and terminating private employees. These laborers can not be fired except for just or authorized reasons as stated in Article 282-284 of the code...
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These laborers can not be fired except for just or authorized reasons as stated in Article 282-284 of the code.
(example) The residents of Purok 9 work for private firms.
9. Minimum wage
(technical definition) Minimum rate of pay that firms are legally obliged to pay their workers
(official definition) In the Philippines, as set by the NWPC the minimum wage effective on August 28, 2008 for employees of the non-agricultural sector from the NCR is P 382 as all those not under the non-agricultural sector is P 345...
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