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Unemployment In The Philippines Essay

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The economic system is a consequential element that can manage the eventual fate of one nation. For the most recent decade, the Philippines, which is known as the Republic of the Philippines has an economy that concentrates more on cultivating and organization, the economy of the country also specializes in agricultural field. In the recent decade the Philippines has risen as one of the most happening places for Business Process Outsourcing (BPO) in Asia, and the also specialize in various call centres. The impact of the 'BPO revolution' has given immense to the Philippine market opportunities. These parts illustrate more than an extended segment of the nation's Gross Domestic Product (GDP) creation at 68.9%. Distinctive business endeavours …show more content…

In the Philippines, most people want to work or want to have stable jobs. However job openings is not in abundant the country's industry and it does not have enough jobs to offer thus creating an excess in manpower in effect pushes the labourers to go and seek work abroad. The other unemployment that is present in the Philippines is the Technological Unemployment. This occurs when there is automation or displacement of old technology by a new one requiring less workers than before that's why one of the causes of structural unemployment is technological change (Chand n.d.).

Government measures adopted to achieve full employment
To address the following unemployment problems and issues in the Philippines, the government has planned an overhaul in its labour sector. The government supported TESDA (Technical Education and Skills Development Authority) project which offers vocational courses and skilled-work trainings. This aims to give opportunity for those who cannot afford to study in the colleges and the universities. This idea is suggested by Senator Ralph Recto (admin, 2012). With these projects pushed by the government, more Filipinos will be qualified to work in occupations they are skilled of whether within the country or abroad.

Inflation

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