Econoynoying: Malacanang math on wage hike erroneous
It’s either a case of poor math or malicious data deception. Or both.
In an attempt to undermine calls to increase wages amidst rising commodity prices, the President, through Malacanang spokespersons,presented data indicating that a P125 across the board increase in daily wages will cost the economy an astonishing P1,605,500,000 trillion (maybe they meant P1.6 trillion instead of billion trillion?), which, with an economy of according to them about P8.5 trillion to P9 trillion, “will not be practicable.”
Valte backed up her claim with some math wizardry:
P125 x 26 days x 13 months = P42,250
P42,250 x 38 million (labor workforce) = P1.6 trillion
We can only imagine how proud Abigail Valte and her team of twitterers and googlers are of themselves for coming up with such a stunning number. If true, this would have delivered a blow to the arguments of those for wage increase, and more importantly, would have pleased their boss immensely.
There is a slight problem though — their data is wrong. Malacanang, it seems, have been too busy with propaganda that they have forgotten simple logic ang math. That, or they intentionally fed media with false data hoping that no one will notice.
Unfortunately for them, the proponents of wage hike aren’t so fond of noynoying like they are.