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Unemployment and Poverty in the Philippines

7 Pages 1738 Words November 2014

hout a job, where would people get money to sustain themselves and their families? To do so, a job is needed. Furthermore, economists observed that, in spite of the strong growth of the economy, the unemployment and underemployment rate in the Philippines keep on rising. According to the Philippine Daily Inquirer, the most widely read broadsheet newspaper in the Philippines, "this shows that growth of the economy has been exclusive, pushed primarily by the increasing income of the rich and middle class, while the poor stay poor, they said. (Philippine Daily Inquirer.) There are several causes that contribute to the rise of unemployment and underemployment in the Philippines. The most likely cause of unemployment in the Philippines is the unavailability of jobs provided to the people. With an expanding population of about eight million, numerous amounts of jobs are needed and only few businesses and investors can certainly provide one. The lack of businesses and investors that could offer well and decent jobs for the Filipino people is one of the key factors in the rising unemployment and underemployment in the country. Another cause is the lack of education in the country. With the growing demands of the fast emerging and developing world, it is undeniably true that finding a dec...

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