History has brought upon wonders on how economists view the conditions of different nations whether it is about aggregate output or policies implemented by the government and central bank. Now, it is quite interesting to note how unemployment, as I have studied in the last few weeks, indicates a far different realization when applied to the Philippine setting. It is as if unemployment in our country wears a mask that hides how the government, even with its good intentions, fails to address the more pressing problem we have, which is poverty.
“The poor can’t afford to be unemployed”
The cliché statement above may very well describe how unemployment pose as a false indicator of the development of the country in terms of its working force. Another concern would be that, as a student, it is befuddling to find out that the effects of unemployment is not what I thought it would be in our country. I was momentarily blinded by the fact that I simply accepted the idea that unemployment in other developed countries would imply the same thing here in the Philippines. Moving on all that, it may be the opportune time to step away from the façade that unemployment in the country had instilled in our minds, for we need to look into the situation at hand with clearer sense of purpose of discovering the truth and identifying the real problem that not only the government should take action but also the Filipinos as a whole.
To begin with, it is far more reasonable to believe that unemployment indications here is far different compared to other countries; for one, it is evident that we lack the system of welfare benefits that could aid unemployed people find work. To make matters worse it is alarming to find out that our problem does not only lie ...
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...nother develop the abilities of those who have lower educational attainment compared to others. Therefore, the problem would not be only solved by providing jobs but by giving Filipinos quality jobs that would boost their morale and provide them financially for the long-term.
Going back to the special economic zones, I realized that establishing it would still remain effective since it would provide venue for employment that may decrease unemployment—although this bears little significance to poverty as explained earlier—would in the long-run increase wages since the demand for competent workers will increase the bargaining power of our country men. Furthermore, with a positive sense of the future we may infer that these zones would lead the Filipinos to attain what they truly deserve one of which would be sufficient wages and proper benefits for their hard work.
For what has been a very, very long time, our elected representatives have sought to achieve “full employment” as a national goal….but full employment has been suspect as a possible cause of inflation, and is therefore weakened by decisions of the Federal Reserve, in an attempt to retard inflation. In terms of causes, unemployment has changed; the character, degree of severity, possible solutions of unemployment over the last ten years or so have been reduced, and has morphed in terms of just who is experiencing the unemployment and the suggestions for answering the problem. It has been the traditional fundamental trades, like manufacturing, viewed as part of the shift in the economy towards the new information age model, as workers transition from a manufacturing economy to a service economy, all the while over-coming the obstacles set forth by our own government.
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...
The world has undoubtedly been booming and has become more prosperous; however, growth has been inconsistent in the global scale. Tackling theses inconsistencies cannot be resolved by development alone, but consistent measures have to be taken. Unemployment and underemployment are at the core of poverty. Eradicating poverty altogether has been the ethical, social, political and economic goal. It can only be realized by taking a multidimensional approach combined with strategies and plans for the people living in poverty that meets their basic needs and empowers them.
I have conducted extensive research on the needs of the country in question. Throughout the course of my research it has become clear that there can be many trends in the data and statistics of economic concerns of many countries. In order to better illustrate my point I have chosen to compare two different countries while observing one economic concern. I have decided to illustrate the concern of poverty in the economy of the Philippines and Canada.
People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.
In this essay, I will be talking about how the changes in demographic characteristics of Indonesia over the past 10 years can affect its economy in terms of unemployment, GDP (Gross Domestic Product), and poverty. Unemployment is an economic condition marked by the fact that individuals seeking jobs but remained unhired. A country's GDP is the total market value of all final goods and services produced in a country. Poverty is when the income of people is below the GNP (Gross National Product) per capita of a country with scarcity of means and subsistence.
Unemployment is a problem, which worries the majority of economists, social workers, and common citizens. It is obvious that there are not enough working places for all citizens willing to find work and take care of their family budget. It is a consequence of a careless regulation of the economic processes in the country. Unemployment is a widespread problem, and it touches on all the layers of society including people from different occupations. In addition, the new college graduates create one of the segments of the unemployed, which struggle to find work. However, it is hard to achieve this aim due to the diversity of problems and inappropriate environment existing in the business segment. The following discussion helps evaluate the diversity
Today poverty is recognized worldwide as an “unacceptable human condition”. It means that it is the right of each individual that he can provide and take care of his basic needs for him and give enough sustenance for his family. As a matter of fact, it is considered that poverty is one of the major causes that hinder peace not only here in Mindanao but also in the whole world. As a result of this it created structures of inequality and social injustice because resources in the society are not properly distributed among the ...
Above summary we can see the world has not prefect employment, but we can pull down unemployment rate. Firstly the government needs to help the unemployed to find work, expanding the network information can allow the unemployed to find work in the information. To attract foreign investors to invest in local business, the government needs to protect their interests, expand production capacity, which means more quotas to the unemployed job. Second is need to improve the quality of education, requires course more effective labour market, including through the development of practical skills.
Issues of unemployment are not something new as many countries are struggling to solve this issues including Brunei. Brunei’s population have been rising since 2001 (diagram 1). In diagram 2, it shows that Brunei labour force in 2011 was 185,900 people which are higher compare to those in the previous years (175,700 people in 2007 and 179,600 in 2009). With respect to the rising amount of labour force, both the employment for man and women rises (Diagram 2). However, the unemployment rate in Brunei have been fluctuating since 2007 (3.6%) and in 2011, the unemployment rate is at 1.7% (diagram 3). Despite the lower rate, issues of employment are still issues in many countries. According to the education minister, roughly 20,000 school leavers are trying to find jobs. This number account to 5% of Brunei populations. They aimed to reduce the number by 80% as high unemployment can lessen the people quality of life, slower economic growth and create gap between the rich and poor. Higher number of registered jobseekers does not automatically indicate the rate of unemployment.
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.
...mployment: The Solution to Unemployment in PNG.[online] 23rd August 2011. Available from: Tiri Kuimbakul BlogSpot Available from: http://tirikuimbakul.blogspot.jp/2011/08/self-employment-solution-to.html Accessed 27th January 2014
In her article Disguised Unemployment, Joan Robinson raises the question of how much governments should spend to get full employment (1936). She outlines the concept of disguised unemployment as where the market is not using capabilities of workforce for maximum output. Disguised unemployment occurs when there are no areas of employment that can employ workers at higher level of productivity and wages. Furthermore, full employment is not tied to a achieving a certain percentage of occupation, but rather to the state when every worker is where she or he is most productive.
The Philippines has had a major problem ever since poverty has struck there. Especially when the typhoon hit the Philippines and where people lost their lives and homes and have nowhere else to live. Now poverty has affected a quarter percentage of the population and is still increasing. About 30% of the population is living under the poverty line. These statistics show that we need to do something about this poverty and end it; not only in the Philippines, but also in other places of the world. Can you just imagine how much suffering they are facing right now, while we take our things for granted. This will help the Philippines make it a better place to live. That’s why I am writing this essay to inform you on what we could do to abolish poverty.
About eighty-eight million people live in the rural areas of the Philippines and about eighty percent of the Philippines poor population lives in this area (Rural Poverty). The highest levels of poverty in the Philippines exist in the Autonomous Region in Muslim Mindanao w...