Pos: Causes Of Poverty In The Philippines
Thesis Statement: Philippines remains to have high unemployment rate for ages 15-24 years old that leads to high poverty ratio due to insufficient jobs for the growing population.
The Philippines is a country of the young. There are economists, politicians and other concerned citizens who are convinced that an expanding population growth is a major obstacle in improving the lot of the poor in the Philippines (Villegas, B., 1989). People can find themselves out of a job because the economy is in a downturn. Or they could be in an unviable position of working in a dying industry (Enotes, 2016). It will be difficult for the economy to provide basic services and employment opportunities to a population that is growing too rapidly. With its population
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It is structural when the increasing labor force exceeds the increasing number of jobs due to increasing population and employment of more women. Otherwise, it is technological when automation calls for less workers and makes certain job skills dated. Casual employment occurs due to short-term contracts, which are terminable any time. Lastly, it is seasonal unemployment when production activities are seasonal in nature that results to employment offered for only a certain period of time in a year(Garcia, M., 1994). Other reasons may also include: Globalization, increased competition, and the increasing comparative …show more content…
Export of labor services to more affluent economics reduces labor supply and unemployment and raises GNP share of labor as wage rate rises, thus lowering the effective GINI (Balisacon, A., & Fujisaki, S., 1999). With a subsidy, costs of production for firms go down since the price of each unit of labour resource decreases. Hence, employers will be more willing and able to hire more workers and increase the number of workers that they are willing to hire. This increases the size of the workforce and the number of job vacancies, hence helping to reduce unemployment. Reducing occupational immobility is one possible solution that can be applied to the Philippines. There is an oversupply of workers and a good amount of graduates every year who fall into unemployment. By enlisting them in retraining courses, they can gain new skills that are necessary to garner them a place in the workforce. (Econsilp,
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