Unemployment and Poverty in the Philippines

concord to the Dictionary of Economics, p overty sum the inability to secure the marginal consumption requirements for life, health and talent on account of wanting(p) income or property (Dictionary of Economics, Kapur, Sudarshan). Its the folly of an individual to bear the write off of basic human necessitate to such as food, shelter, clothing, prime(a) education, and health care. To be bread and thoter in poverty is a dreadful condition to be in, for the individual will be lacking in strategic aspects needed for life. Poverty is non a new enigma in the Philippines. In fact, it is considered angiotensin-converting enzyme of the oldest problems ever to arise in the country. This problem creates a cracking between the rich and the short(p) and this gap widens over the charge of time. Poverty in the Philippines is caused by three deplor up to(p) major(ip) factors such as tenuity in employment generation, governing body corruption, and repetitive shocks and exposur e to immanent calamities.\nThe rate of underemployment and unemployment in the Philippines has been elevated for many years. The data from the subject area Statistics Office illustrates that unemployment and underemployment levels in the Philippines occlusion high. The unemployment account in the Philippines ontogenesis to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall publication of underemployed individuals was estimated at 7.25 million, with over 80 percent of them operative in the services sectors and horticulture (National Statistics Office). Underemployment indicates workers who have a trustworthy skill and outstanding talent, til now they are in a low paying antic that does not demand those skills and talents. Or workers who are not equal to work full-time jobs, but are only able to find part-time jobs. Karin Schelzig, designer of Poverty In The Philippines Income, Assets, And Access, states, likewise many people and l ittle job opportunities make it ruffianly for the people to meet their free-and-easy needs  (Schelzig 95-97). Wit...