Unemployment in the Philippines is caused by overpopulation, an oversupply of labor in some industries, and an inability to take available jobs. There are four main types of unemployment: frictional as workers switch jobs, seasonal in agriculture, structural as skills become outdated, and cyclical during economic downturns. Being unemployed can lead to mental health issues from a lack of income and purpose. Possible solutions include changing industrial techniques to use more labor, reforming education to emphasize vocational training, expanding employment agencies, assisting self-employed workers, adopting policies to maximize employment, and increasing production in agriculture and small industries.
2. What is unemployment?
Unemployment occurs when workers who want to work are unable to find jobs,
which means lower economic output, while still requiring subsistence. High rates
of unemployment are a signal of economic distress, but extremely low rates of
unemployment may signal an overheated economy.
3. 4 types of unemployment
Frictional unemployment refers to unemployed people who are switching jobs or
looking for jobs for the first time.
Seasonal unemployment happens when people are out of work due to the season,
especially in fields such as agriculture.
Structural unemployment refers to jobs becoming outdated due no longer needing
a specific skillset.
Cyclical unemployment, people are out of jobs as a result of the poor economy.
4. Causes of Unemployment in the Philippines
Unemployment in the Philippines is attributed to reasons including overpopulation,
oversupply of labour force on certain industries and the inability to take on
available jobs.
5. Effects of Unemployment
Being unemployed can lead to depression, low self-esteem, anxiety and other
mental health issues, especially if an individual truly wants a job but can't find
employment. Tension can occur, causing stress and strain on the body. Economic
Issues: During unemployment, there is no income, which leads to poverty.
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8. Possible solutions
(i) Change in industrial technique:
Production technique should suit the needs and means of the country. It is
essential that labour intensive technology should be encouraged in place of capital
intensive technology.
9. Change in education system:
Educational pattern should be completely changed. Students who have liking for
higher studies should be admitted in colleges and universities. Emphasis should
be given on vocational education. Qualified engineers should start their own small
units.
Expansion of Employment exchanges:
More employment exchanges should be opened. Information regarding
employment opportunities should be given to people.
10. More assistance to self employed people:
Most people in India are self employed. They are engaged in agriculture, trade,
cottage and small scale industries etc. These persons should be helped
financially, providing raw materials and technical training.
Full and more productive employment:
The main objective of county’s employment policy should be to increase
employment opportunities and productivity of labour. Govt. should adopt a policy
that provides employment to all people.
11. Increase in Production:
To increase employment, it is essential to increase production in agriculture and
industrial sectors. Development of small and cottage industries should be
encouraged.