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Filipinos didn’t feel growth because of ayuda cuts and stingy wage hikes – IBON
Enero 27, 2023
Millions of ordinary Filipinos did not benefit from supposedly rapid 2022 growth because the government tightened the purse strings on urgent cash assistance and only gave a negligible wage hike last year.
Rapid 2022 growth just a flash in the pan, poverty even increased — IBON
Enero 27, 2023
Relatively rapid growth in 2022 is only a rebound after the protracted pandemic lockdowns and there will be a steep slowdown this year.
On changing the economic provisions of the 1987 Constitution: More foreign investment does not mean more development
Enero 26, 2023
As the House Committee on Constitutional Amendments considers proposed amendments, IBON raises five major points on why economic provisions in the 1987 Constitution should be retained.
Bongbong will be tested on the economy in 2023
Enero 21, 2023
The binding constraint to steadier progress and development is the outdated faith in market forces. The blindness to the state’s responsibility to intervene will mean worse times in 2023. It will also reopen lockdown wounds that were hidden by last year’s rebound but haven’t really healed yet.
“Louis Vuitton” tax inferior to billionaire wealth tax – IBON
Enero 19, 2023
A higher consumption tax on luxury goods is desirable but is not a substitute for a wealth tax which can raise far more revenues for social and economic development.
Will World Economic Forum folks believe Bongbong?
Enero 16, 2023
The administration’s trip is a self-serving junket at the people’s expense. If Marcos Jr speaks about so-called economic gains, he will be speaking untruths.
Strong labor market? Part-time, informal workers surge by over 2M – IBON
Enero 6, 2023
Latest labor force data showing huge spikes in part-time and informal jobs belies government claims of a strong labor market and steady economic recovery.
Govt gives low priority to supporting the purchasing power of Filipinos–IBON
Enero 5, 2023
December inflation has pushed the family living wage (FLW) for a family of five to an average of Php1,146 nationwide. The average daily nominal wage of Php404 nationwide is just one-third (35.3%) of the nationwide FLW. In the National Capital Region (NCR), the FLW for a family of five rose to Php1,145. The daily nominal wage in NCR is however not even half (49.8%) this.
Employment decline belies govt claims of upbeat labor market — IBON
Disyembre 8, 2022
The government’s claim of an upbeat labor market is an overstatement that dismisses the significant decline in employment and growing number of discouraged workers.
