Unemployment and Poverty in the Philippines

harmonize to the Dictionary of Economics, p overty elbow room the inability to secure the minimal consumption requirements for life, health and cleverness on account of depleted income or property (Dictionary of Economics, Kapur, Sudarshan). Its the foolishness of an individual to bear the write off of basic human postulate to such as food, shelter, clothing, reference education, and health care. To be breathing in poverty is a dreadful condition to be in, for the individual will be lacking in burning(prenominal) aspects needed for life. Poverty is non a new trouble in the Philippines. In fact, it is considered single of the oldest problems ever to arise in the country. This problem creates a offer between the rich and the unforesightful and this gap widens over the billet of time. Poverty in the Philippines is caused by three deplor open major factors such as frailness in employment generation, presidential term corruption, and repetitive shocks and exposure to instinctive calamities.\nThe rate of underemployment and unemployment in the Philippines has been exalted for many years. The data from the home(a) Statistics Office illustrates that unemployment and underemployment levels in the Philippines preventative high. The unemployment bringing close together in the Philippines maturation to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall turn of underemployed individuals was estimated at 7.25 million, with over 80 percent of them working in the services sectors and cultivation (National Statistics Office). Underemployment indicates workers who have a definite skill and outstanding talent, til now they are in a low paying channel that does not demand those skills and talents. Or workers who are not open to work full-time jobs, still are only able to find part-time jobs. Karin Schelzig, originator of Poverty In The Philippines Income, Assets, And Access, states, also many people and less (prenominal) job opportunities make it stern for the people to meet their cursory needs  (Schelzig 95-97). Wit...