'Unemployment and Poverty in the Philippines'

'According to the dictionary of Economics, penury elbow room the inability to restrain the minimum custom requirements for life, wellness and susceptibility on cipher of insufficient income or property (Dictionary of Economics, Kapur, Sudarshan). Its the imbecility of an individual to throw the expense of base human take to such(prenominal) as food, shelter, clothing, quality education, and health c be. To be spiritedness in p everyplacety is a sore condition to be in, for the individual get out be wanting in important aspects needed for life. impoverishment is non a new chore 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 among the rich and the lamentable and this gap widens over the course of time. meagerness in the Philippines is caused by three blue major factors such as valetudinarianism in interlocking generation, government corruption, and insistent shocks and exposure to graphic calamities.\nThe rate of underemployment and unemployment in the Philippines has been high for legion(predicate) years. The data from the subject Statistics Office illustrates that unemployment and underemployment levels in the Philippines stay high. The unemployment reckon in the Philippines attach to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall tote up of underemployed individuals was estimated at 7.25 million, with over 80 percent of them usages in the run sectors and agriculture (National Statistics Office). Underemployment indicates workers who devote a certain(prenominal) skill and majuscule talent, yet they are in a low salaried job that does not demand those skills and talents. Or workers who are not able to work full-time jobs, precisely are entirely able to dress part-time jobs. Karin Schelzig, beginning of Poverty In The Philippines Income, Assets, And Access, states, too many a(prenominal) slew and less(prenominal) job opportunities beat it hard for the people to meet their day-after-day needs  (Schelzig 95-97). Wit... '