Despite Philippines having high minimum wage compared to other Asian countries it can not be said that the Philippines minimum wage has the highest value (or purchasing power) among Asian countries. It also good to examine how much percentage of the employed individuals are minimum wage earners, because it might happen that large portion of Philippines labor force are minimum wage earners while small percentage of neighbor Asian countries are minimum wage earners.
To analyze, wage cost plays a big factor in foreign investment decision – that is, the higher the minimum wage cost the less likely the investor will invest in the country. It can also point out that wage problem rooted in inflation rate (increase in prices of goods – such as sugar, coffee, rice and the likes) – thus it is good to note the role of the government in controlling price increases of basic needs people (food, shelter, clothing, and transportation) by imposing price ceiling or by subsidy; especially price of oil is currently up-trend.