Manila, June 11 -- The economic managers of President Ferdinand R. Marcos Jr. have warned of the "dangerous" repercussions of the proposed across-the-board minimum wage hike in the private sector, saying the plan could hurt the economy, raise inflation, and affect employment.

In a joint position paper submitted to the President, the country's economic team said the proposal would yield a negative impact on the Philippine economy, noting a "substantial downward pressure" on gross domestic product (GDP) by 1.6 percentage points and 0.5 percentage point, respectively, for PHP200 and PHP100 increases.

"Both scenarios are predicted to result in the economy missing the lower end of the GDP growth target range," they said.

Marcos' economic ma...