Unemployment in the Philippines...

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

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.

OPINION

The part wherein they stated that we were the one of the worst cases in the south-east asian sector is something we Filipinos are not supposed to be proud of. The Aquino Administration may have done an impact by increasing the minimum wage and cash dole outs, but it still is not enough to provide the necessities of the Filipino Population. To think that the mining sub sector which is presumably the sector wherein labor would be greatly needed and is a major controversy due to it being too excessive of our natural resources, it still isn’t enough to aid the population in a big way but can only give jobs to 0.6% of the population.

 The inflation rate certainly does not help resolve the employment rate in a large amount, but it also makes the whole nation suffer. We may think that inflation may increase the labor fees of the employees but this is not the only reason for inflation. The materials used for the goods are the major reason as to why prices have gone up.

I suggest to the Administration to increase the rate of employment through all possible ways, we may increase the tourism standards of the country in which the foreign nations visit our majestic natural environment, thus it increases the need for workers. We may also increase the production of export goods that may prove profitable to the country, as to how these increased profits may be allocated to industries that can further increase the Employment rate of the Country. Lastly, we may also increase the Quality of our workers so that we have a higher chance of sending them to nations abroad, this will help the workers find decent jobs as well as increase our employment rate by decreasing the number of employees that we have to cater. This also helps the Administration in a way the OFW will present the Quality, the Personality, and the Goodwill of the Filipinos, thus make stronger ties with them. J