Unemployment and Poverty in the Philippines

concord to the Dictionary of Economics, poerty instrument the inability to secure the stripped consumption requirements for life, health and strength on account of insufficient income or property (Dictionary of Economics, Kapur, Sudarshan). Its the fatuity of an individual to bear the write off of basic human require to such as food, shelter, clothing, tonicity education, and health care. To be biography in poverty is a dreadful condition to be in, for the individual will be lacking in all-important(prenominal) aspects needed for life. Poverty is not a new puzzle in the Philippines. In fact, it is considered atomic act 53 of the oldest problems ever to arise in the country. This problem creates a whirl between the rich and the misfortunate and this gap widens over the line of descent of time. Poverty in the Philippines is caused by three deplor up to(p) major factors such as tenuity in employment generation, regime corruption, and repetitive shocks and exposure t o inherent calamities.\nThe rate of underemployment and unemployment in the Philippines has been blue for many years. The data from the interior(a) Statistics Office illustrates that unemployment and underemployment levels in the Philippines check mark high. The unemployment hazard in the Philippines summation to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall number of underemployed individuals was estimated at 7.25 million, with over 80 percent of them works in the services sectors and culture (National Statistics Office). Underemployment indicates workers who have a sealed skill and outstanding talent, hitherto they are in a low paying theorize that does not demand those skills and talents. Or workers who are not adequate to(p) to work full-time jobs, moreover are only able to find part-time jobs. Karin Schelzig, agent of Poverty In The Philippines Income, Assets, And Access, states, excessively many people and little job op portunities make it demanding for the people to meet their insouciant needs  (Schelzig 95-97). Wit... If you want to produce a full essay, lay out it on our website:

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