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Tag: jobs crisis

Wage hikes under Aquino smallest since 1990s

May 1, 2016

Research group IBON said that unless the Aquino administration gives a wage hike before its term ends, it will have given the smallest wage hikes of any administration in the past 24 years. Wage repression is among the biggest reasons why recent rapid growth has been exclusionary and benefiting elites rather than the majority of […]

Worst jobs crisis by far: Job creation down; 24 million employed in poor quality work under Aquino

April 30, 2016

#BeyondElections2016 | Research group IBON said that while the Philippines saw growth, increasing corporate profits, investor confidence and international media hype under the Aquino administration, less new jobs were created, joblessness remains high, and the quality of work has worsened. Falling job creation under the incumbent administration has resulted in the most unemployed, underemployed, discouraged […]

Jobs crisis will persist despite growing FDI if next admin retains neolib frame–IBON

April 27, 2016

#BeyondElections2016 | Research group IBON pointed out that growing foreign investment under the Aquino administration has not improved the country’s jobs situation. This, as the presidentiables vow to continue the major economic policies of the incumbent administration, which has made attracting foreign direct investment (FDI) a key strategy for inclusive growth. IBON noted that annual […]

Next admin should address deepening jobs crisis–IBON

March 15, 2016

#BeyondElections2016 | Research group IBON warned that the steadily falling labor force participation rate (LFPR) and growing underemployment are signs of underlying problems in the labor market, even as unemployment reportedly fell in January 2016. The next administration will need to reverse the neoliberal policies of the Aquino administration to improve the jobs situation, said the […]