Unemployment
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.
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.
