Poor-quality work increased amid economic growth–IBON
Poor-quality work increased amid economic growth–IBON
First quarter economic growth this year did not translate to better jobs for Filipinos, research group IBON said. This means that despite government claims that the groundwork for reforms has been laid, growth has remained essentially exclusionary, generating jobs that are insecure and low-paying, said the group.
Socio-Economic Planning Secretary Ernesto Pernia recently announced the 6.8% Philippine economic growth for the first quarter of 2018 to be among the fastest in Asia, second only to Vietnam’s 7.4% and at par with China’s. According to Pernia, these indicate that infrastructure development is accelerating and “Build, Build, Build” is gaining ground. NEDA even said that OFWs could thus consequently come home to more jobs.
IBON however underscored how at the same time, underemployment, part-time work and informal work swelled by over a million jobs each. The group said that this implies how, amid supposedly growing capacity to produce goods and services, Filipinos were subjected to more insecure and low-paying jobs.
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