Unemployment as Developmental Issue in the Philippines A Term
Added on 2022-06-07
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Unemployment as Developmental Issue in the Philippines
A Term Paper presented to
Prof. Cherry Pink D. Barredo
In partial fulfillment of the Requirements for the Subject CD2:
Theories of Development
By:
Mendoza, Anna Louise (WONG: ENTREPRENUERIAL FAMILISM)
Perez, Jacinth S. (AMIN: TRANSITION TO PERIPHERAL CAPITALISM)
BSCD 1- A
June 2021
A Term Paper presented to
Prof. Cherry Pink D. Barredo
In partial fulfillment of the Requirements for the Subject CD2:
Theories of Development
By:
Mendoza, Anna Louise (WONG: ENTREPRENUERIAL FAMILISM)
Perez, Jacinth S. (AMIN: TRANSITION TO PERIPHERAL CAPITALISM)
BSCD 1- A
June 2021
Table of Contents
Title Page
Title Page
Chapter 1. Introduction 3
Chapter 2. Review of Related Literature 7
Chapter 3. Analysis 11
References
Title Page
Title Page
Chapter 1. Introduction 3
Chapter 2. Review of Related Literature 7
Chapter 3. Analysis 11
References
Introduction
"When large number of men are unable to find work unemployment result."-Calvin
Coolidge.
Our country faces the same problems as any other country in the world. Poverty,
unresolved crimes, economic and environmental problems, etc. If avoided immediately, most of
them are easy to fix. However, these have not been avoided, and more problems have arisen
from this. One of these problems is unemployment. Unemployment is one of the common
problems that affect many people in the world, but it does not always bring happiness to the
millions of people looking for the best job. Unemployment is the most difficult part of life
because it's hard to look for a job and also the development in the society lags behind.
According to Hayes (2021), he defined unemployment that occurs when people
actively seeking jobs cannot find a job. Unemployment is often used to measure economic
conditions. The most common measure of unemployment is the unemployment rate, which is the
number of unemployed divided by the number of laborers. Also, Felipe et al. (2006) stated that
unemployment and underemployment rates highest in the Philippines key issues and key
indicators of weaknesses in so economical. They mentioned that around 4 million workers
(around 12% of workers labor force) unemployed and 5 million more (around 17% of employed
people) are underemployed. The workers' reserve army is a reflection of this occurs in the
economy, especially due to its inability to provide employment (especially in the formal sector)
with its growing workforce. The social cost of this mass unemployment ranges from loss of
income to severe psychological problems due to lack of employment and feelings of insecurity
about the future. Overall, this results in great social inefficiency.
"When large number of men are unable to find work unemployment result."-Calvin
Coolidge.
Our country faces the same problems as any other country in the world. Poverty,
unresolved crimes, economic and environmental problems, etc. If avoided immediately, most of
them are easy to fix. However, these have not been avoided, and more problems have arisen
from this. One of these problems is unemployment. Unemployment is one of the common
problems that affect many people in the world, but it does not always bring happiness to the
millions of people looking for the best job. Unemployment is the most difficult part of life
because it's hard to look for a job and also the development in the society lags behind.
According to Hayes (2021), he defined unemployment that occurs when people
actively seeking jobs cannot find a job. Unemployment is often used to measure economic
conditions. The most common measure of unemployment is the unemployment rate, which is the
number of unemployed divided by the number of laborers. Also, Felipe et al. (2006) stated that
unemployment and underemployment rates highest in the Philippines key issues and key
indicators of weaknesses in so economical. They mentioned that around 4 million workers
(around 12% of workers labor force) unemployed and 5 million more (around 17% of employed
people) are underemployed. The workers' reserve army is a reflection of this occurs in the
economy, especially due to its inability to provide employment (especially in the formal sector)
with its growing workforce. The social cost of this mass unemployment ranges from loss of
income to severe psychological problems due to lack of employment and feelings of insecurity
about the future. Overall, this results in great social inefficiency.
Unequal opportunity is also one of the developmental problems of the
unemployment situation in the Philippines. It is the selection according to relation and not to its
ability. For all job seekers, the available jobs are not enough, especially in the Philippines.
Therefore, many Filipino workers find work abroad to meet their daily needs. Also, there are best
workers in our country that can help promote our country’s economic growth or development,
but they are found unemployed.
In addition, despite the relatively rapid growth in employment in the past decade,
the unemployment rate in the Philippines has remain high, twice that of neighboring countries.
Also, due to rapid population growth, increasing labor force participation rates, and the inability
to accept existing jobs, employment growth is not enough to reduce the unemployment rate.
Thus, unemployment problems lead to debt and poverty problems. Young people who have been
unemployed for a long time have found the wrong way to earn money. To get rid of the pressure
of unemployment, they accept alcohol or drugs and do crimes as well. The government must take
care of these people while increasing social spending. When the unemployment rate is very high,
there will be a budget deficit, which is due to the combination of the two, the decrease in tax
revenue and the increase in social spending. Therefore, in addition to these certain reasons, the
Philippines also face unemployment, which leads to a bigger development problem, namely
poverty. Unemployment is one of the causes of poverty and unemployment is also caused by
these factors.
Furthermore, the crisis in this country and the world in particular has caused
problems for the people and the economy. Due to the COVID-19 pandemic, many workers have
lost their jobs, and job seekers are unlikely to find a job. Although the government is doing its
utmost to help the country fight the epidemic and lead a normal life, it is not enough to alleviate
unemployment situation in the Philippines. It is the selection according to relation and not to its
ability. For all job seekers, the available jobs are not enough, especially in the Philippines.
Therefore, many Filipino workers find work abroad to meet their daily needs. Also, there are best
workers in our country that can help promote our country’s economic growth or development,
but they are found unemployed.
In addition, despite the relatively rapid growth in employment in the past decade,
the unemployment rate in the Philippines has remain high, twice that of neighboring countries.
Also, due to rapid population growth, increasing labor force participation rates, and the inability
to accept existing jobs, employment growth is not enough to reduce the unemployment rate.
Thus, unemployment problems lead to debt and poverty problems. Young people who have been
unemployed for a long time have found the wrong way to earn money. To get rid of the pressure
of unemployment, they accept alcohol or drugs and do crimes as well. The government must take
care of these people while increasing social spending. When the unemployment rate is very high,
there will be a budget deficit, which is due to the combination of the two, the decrease in tax
revenue and the increase in social spending. Therefore, in addition to these certain reasons, the
Philippines also face unemployment, which leads to a bigger development problem, namely
poverty. Unemployment is one of the causes of poverty and unemployment is also caused by
these factors.
Furthermore, the crisis in this country and the world in particular has caused
problems for the people and the economy. Due to the COVID-19 pandemic, many workers have
lost their jobs, and job seekers are unlikely to find a job. Although the government is doing its
utmost to help the country fight the epidemic and lead a normal life, it is not enough to alleviate
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