Unemployment and Poverty in the Philippines

According to the dictionary of Economics, poverty means the inability to secure the minimum utilization requirements for life, health and efficiency on account of insufficient income or property (Dictionary of Economics, Kapur, Sudarshan). Its the incapacity of an unmarried to bear the expense of elementary human needfully to much(prenominal)(prenominal) as food, shelter, clothing, quality education, and health c ar. To be living in poverty is a dire condition to be in, for the one-on-one will be lack in important aspects necessitate for life. exiguity is non a new line of locomote in the Philippines. In fact, it is considered one of the oldest problems invariably to arise in the country. This problem creates a banquet amid the rich and the poor and this gap widens over the course of time. leanness in the Philippines is caused by ternary deplorable major factors such as frailty in employment generation, government corruption, and repetitive shocks and exposure to natural calamities.\nThe set out of underemployment and unemployment in the Philippines has been high for umpteen years. The data from the National Statistics dominance illustrates that unemployment and underemployment levels in the Philippines stay high. The unemployment consider in the Philippines increase to 7.5 percent, term in April, underemployment estimate was at 19.2 percent. The overall number of parttime individuals was estimated at 7.25 million, with over 80 percent of them working in the services sectors and agriculture (National Statistics Office). Underemployment indicates workers who fox a certain aptitude and outstanding talent, yet they ar in a lower-ranking paying line of descent that does not demand those skills and talents. Or workers who are not able to work full-time jobs, but are only able to start part-time jobs. Karin Schelzig, author of Poverty In The Philippines Income, Assets, And Access, states, too more the great unwashed and less job opportunities make it hard for the people to meet their daily needs  (Schelzig 95-97). Wit...