'Unemployment and Poverty in the Philippines'

'According to the lexicon of Economics, pauperization federal agency the inability to get the minimum consumption requirements for life, health and capability on news report of insufficient income or property (Dictionary of Economics, Kapur, Sudarshan). Its the incapacity of an individual to borrow the expense of elemental human ineluctably to much(prenominal) as food, shelter, clothing, quality education, and health c ar. To be subsisting in poerty is a terrific condition to be in, for the individual exit be lack in of the essence(p) aspects needed for life. scantiness is non a new occupation in the Philippines. In fact, it is considered one of the oldest problems of all time to arise in the country. This problem creates a gap in the midst of the rich and the light and this gap widens over the course of time. poorness in the Philippines is caused by three regretful major factors such as vice in function generation, government corruption, and repetitive s hocks and exposure to raw(a) calamities.\nThe rate of underemployment and unemployment in the Philippines has been high for some years. The data from the topic Statistics Office illustrates that unemployment and underemployment levels in the Philippines stay high. The unemployment enumerate in the Philippines adjoin to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall tally of underemployed individuals was estimated at 7.25 million, with over 80 percent of them draw in the run sectors and agriculture (National Statistics Office). Underemployment indicates workers who sire a accredited skill and corking talent, yet they are in a low compensable job that does non demand those skills and talents. Or workers who are not able to work full-time jobs, scarcely are completely able to stick part-time jobs. Karin Schelzig, compose of Poverty In The Philippines Income, Assets, And Access, states, too many state and little job opportuni ties draw it hard for the people to meet their mundane needs  (Schelzig 95-97). Wit... '