Economic Problems of the Philippines

           Unemployment

                      The official unemployment figures for the Philippines in 2011 are among the worst in Asia, higher than its South-East Asian neighbors and according to the International Labor Organization the country is among the worst one-fourth in the world in terms of unemployment rates. Without a strong manufacturing industry or real Filipino industry, the economy will be unable to create enough decent paying jobs. Till then manufacturing or services will remain substandard, or of low value-addition. According to employment figures, jobs in the Philippines manufacturing sector increased by just 8% of the total employment. Nearly three out of every ten people in the labor force are looking for work or are jobless. The mining sub-sector said to be one of the fastest growing industry in 2011 failed to generate new jobs (just 0.6 % of total employment).

                     Steadily rising inflation has contributed to the erosion of the value of the minimum wage. Though the Aquino administration increased the minimum wage and announced cash dole-outs but lack of quality decent paying jobs and higher real wages continue to be a problem. The government's policy to encourage foreign capital, even if in just low value-added assembly operations will continue to hinder real growth and development of the manufacturing sector. The Aquino administration needs to plan over the long-term, and prepare an industrialization program that encourages value-addition manufacturing or services and builds Filipino-owned industries.

Source: http://www.buzzle.com/articles/economic-problems-of-the-philippines.html

                      

Unemployment

                  Nowadays, a lot of people in the Philippines are struggling just to look for a job. Why is it so difficult to find a job? Let's take a look why.

• First, is lack of education. Most of the Filipinos are undergraduates, which is a hindrance for looking for a good and stable job. The reason why they weren't able to graduate is because of financial problems. They didn't see the outcome or the consequences if they didn't graduate.
• Second, is job experience. How can we apply for a job if the companies are willing to hire employees with experience? That's because they want to get the job done right without wasting their time, effort and training - and that's why they prefer people with job experience.
• last, people refuse to apply for jobs with minimum wage earnings. The people don't think outside the box, they want to earn good money so that they can live well off, but they hesitate applying for a job which is classified as 'minimum wage earners' 

  The writer has made his point about unemployment as an economic problem here in the Philippines, our industry has failed to generate new jobs and there is no job security if there's a 6-month contract job. As a student, the best way to find a job is to work hard and graduate.

Happy Halloween!

How my day went.

October 31, 2011

It’s Halloween but I don’t feel like it. I envy those kids running around with those pathetic costumes. When I was their age, I wish that I could get my own costume and go trick or treating but here in the Philippines, you’d look like a total shithead when you go around with a Batman costume asking for candies in the 90s. Anyways.. I went to bed around 1am telling myself to go to sleep because I have to wake up at 10 or 11 or whatever. Instead, I was doing some ‘thinking’ until 5am and didn’t notice the time and thought to myself I’m totally fucked up in the morning. Good thing my alarm actually woke me up this time! It’s 11am and I’m still sleepy, my eyes are tired and my eye bags are huge but I forced myself to get up because I had my day planned the night before. So my brother drove me to Abreeza and I had lunch at Ranch & Reef with my friend. Their food was amazing and I haven’t eaten like I was a street kid for almost 2 months and God I enjoyed their dishes especially their desserts! I wasn’t worried about my allowance because my dad already gave me money before I left home then we watched Puss In Boots 3D. I enjoyed the movie because I really really really think that kitties are adorable and irresistible and the movie was actually quite funny. After that when we went outside the cinema I saw my brother and sister and I hung out with them instead. My tummy’s still full and I wasn’t planning to eat anything until tomorrow but my sister stopped over at the grocery and I saw my favorite junk food.. Cheetos Jalapeno! So.. of course, silly me. I bought it then I promised myself to save my money and avoid buying stuffs like shoes, bags, clothes, accessories, food etc. then I saw these cute pair of shoes in Cinderella and I just couldn’t resist, I had to buy it! I was attracted by the color and my sister said that I should go for it. Goodbye P1,100! I told my siblings that we should go home because I’m already sleepy and it’s raining, my brother said I should drive and I was like okay. So I was driving 80km/h(without a license btw), a reckless taxi driver immediately turned right without a signal and I stepped on the brakes, that imbecile had the guts to look at me like it was my fucking fault so I rolled down the window and gave him the dirty finger. Good thing nothing happened and we got home safely.

So.. that was a crappy day. I think

How was your summer, Nicole? :)

I was so busy the whole sem that I didn’t had the time to update my Tumblr that much. Anyways..

Around 1st week of May my eldest sister called me. She said that her husband is away and she’s staying in Manila together with her daughter, she asked if I could visit her in Manila and stay for a while just to keep her company. After that phone call my mom and I purchased a ticket going to Manila the next day which btw caused us twice the price. -_-

Manila was great blablabla…

After a few weeks we went to Hong Kong together with my other sister. 

Hong Kong was great. Had a great time at Disneyland, Ocean Park, Avenue of Stars. It’s a shame that we didn’t have the time to visit Macau.