April 29, 2023
Most Filipinos are so poor and lacking savings that they can’t afford to be unemployed. But there are so little regular formal jobs available that the overwhelming majority struggle with self-employment, informal work, or irregular jobs in informal establishments.
April 26, 2023
Higher inflation is eroding the nominal wage, but due to infrequent and meager wage increases, the real value of this has even declined. In the NCR, the real wage as of March 2023 is the lowest in 12 years and lower than 34 years ago.