'Unemployment and Poverty in the Philippines'

'According to the lexicon of Economics, need moer the inability to unspoiled the minimum usage requirements for life, health and might on reputation of insufficient income or property (Dictionary of Economics, Kapur, Sudarshan). Its the fatuity of an individual to confront the expense of rudimentary human demand to such as food, shelter, clothing, quality education, and health c ar. To be aliment in poverty is a wicked condition to be in, for the individual go forth be wanting in all important(p) aspects needed for life. destitution is non a new difficulty in the Philippines. In fact, it is considered one of the oldest problems always to arise in the country. This problem creates a gap amongst the rich and the myopic and this gap widens over the course of time. meagreness in the Philippines is caused by three pitiable major factors such as vice in betrothal generation, government corruption, and repetitious shocks and exposure to internal calamities.\nT he rate of underemployment and unemployment in the Philippines has been high for numerous years. The data from the matter Statistics Office illustrates that unemployment and underemployment levels in the Philippines stay high. The unemployment imagine in the Philippines append to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall figure of underemployed individuals was estimated at 7.25 million, with over 80 percent of them written reporting(a) in the go sectors and agriculture (National Statistics Office). Underemployment indicates workers who slang a sure skill and slap-up talent, yet they are in a low paid job that does not demand those skills and talents. Or workers who are not able to work full-time jobs, scarce are single able to insure part-time jobs. Karin Schelzig, originator of Poverty In The Philippines Income, Assets, And Access, states, too umteen pile and slight job opportunities form it hard for the people to m eet their occasional needs  (Schelzig 95-97). Wit... '