Table of Contents
- 1 How can we solve the unemployment problem in the Philippines?
- 2 What are the possible solutions for unemployment?
- 3 Why is unemployment a serious problem in the Philippines?
- 4 How can we reduce disguised unemployment?
- 5 What to do about unemployment in the Philippines?
- 6 Who are the active players in the Philippine unemployment problem?
How can we solve the unemployment problem in the Philippines?
Possible solutions to Unemployment in the Philippines
- Reducing Occupational Immobility. Labour resources are usually occupationally immobile because it takes time for people to gain the sufficient skills that are necessary for working in a certain industry.
- Employment Subsidies.
- Sustained Economic Growth.
What are the possible solutions for unemployment?
Solutions for Unemployment
- Better education.
- Motivation programs.
- Programs against drug addiction and homelessness.
- Fight discrimination.
- Support programs for mental issues.
- Subsidies for companies how are reintegrating unemployed persons.
- Fiscal and monetary measures in a financial crisis situation.
Why is unemployment a serious problem in the Philippines?
Unemployment and underemployment are the Philippines’ most important problems and the key indicators of the weaknesses of the economy. The social costs of this mass unemployment range from income losses to severe social and psychological problems resulting from not having a job and feeling insecure about the future.
What are the main causes of unemployment in the Philippines?
Unemployment in the Philippines is attributed to reasons including overpopulation, oversupply of labour force on certain industries and the inability to take on available jobs.
Why is unemployment in the Philippines so high?
According to the results of the regression analysis, Labor Force Rate and Population are the significant factors of unemployment rate. As an example, rapid population growth is one of the reasons why unemployment in the Philippines remains high despite robust economic performance (Brooks, 2002) . …
How can we reduce disguised unemployment?
(i) One or two members of farmer’s family can work in the farms of big landlord and earn wages. (ii) Two or three members of such a family may move to work in a nearby factory and earn more money. (iii) More irrigational facilities can be provided to grow two or three crops in a year.
What to do about unemployment in the Philippines?
Possible Solutions: A possible solution for the unemployment problem in the Philippines is employment subsidization from the government. This means that the price for the resource labor will be decreased therefor giving a firm owner an incentive to hire more unemployed people.
Who are the active players in the Philippine unemployment problem?
Active players will be the government, business process outsourcing (BPO) centers and the Philippine Overseas Employment Administration (POEA).
What’s the best way to solve the unemployment problem?
Lest we become engulfed in the technical jargon of economics, having to figure out their meaning and impact on our common problems before being able to formulate a solution, let us get down on ground and deal with the problems directly. We need not be or pretend to be economic experts to do this.
How to reduce occupational immobility in the Philippines?
Reducing Occupational Immobility. Reducing occupational immobility is one possible solution that can be applied to the Philippines. There is an oversupply of workers and a good amount of graduates every year who fall into unemployment.