What are the impacts of low salaries?

[Suba]

Although the government has set a minimum salary standard, many entrepreneurs or business people provide low salaries or below government standards, and often low salaries will have a negative impact on the company/business itself. So what do you think are the negative impacts of low salaries for employees?

 

[Starmix]

it is crucial for those receiving low salaries considering the prices that we have this time, skyrocketing. The impact is the emergence of crimes like drug trafficking, robbery, or leaving the country to seek greener pastures to a country where their skills are qualified to be hired.

 

[AruneBend]

There are bunch of negatives it is very hard to find joy in anything when your sallary is that low

 

[Starmix]

It is better for those receiving a low salary to find a side hustle or invest a little to improve their living conditions. They can do part time job, unless not allowed to do moonlighting.

 

[Springtime]

It is a legal offence here if the business pays employees below the minimum salary standard.

 

[Starmix]

The employees can report if the pay is beyond the regulatory compensation of the national government. There is also a labor union where they can approach for help.

 

[Xtynehappy]

Low salaries is the main challenge for the personal developments for sure. Savings and investments would really be very low.

 

[Starmix]

Low salaries happen only to laborers here in the Philippines. The minimum wage daily for the laborers varies from $15 a day to 30 a day. Those receiving 30 dollars are the heads of the laborers.

 

[eLdavis]

Low salary means unsatisfied workers or employees. When the employees are unsatisfied, they will never be willing to give in their very best.

 

[King Belieal]

Low salaries would hamper the financial future of a person because the person would not be able to save and invest.

 

[neku]

Due to government financial fraud, slavery of some online investors, workers, they are making huge losses, and they cannot take any risk, they lose motivation and are not even interested in new technology, especially if they feel that they are cheated and exploited.

 

[Kera]

Low salaries leave people financially frustrated and they are unable to pay their basic bills. It affects their happiness.

 

[freelancermaria]

Low employee salaries have many negative effects, such as low morale, unhappiness, and reduced productivity. Proper compensation is essential for employee happiness and productivity.

 

[Fidelia]

Low salaries can make you depressed when you want to plan your finances. You won't be able to balance anything and that is how you would still end up spending it instinctively.

 

[Min George]

The impact of low salaries is that people would keep on being in debts and still struggle financially.