A flashback to September 2009, Typhoon Ondoy made contact with the Philippines and was considered to be the most devastating typhoon to have hit the country.
Internationally called “Ketsana”, Ondoy is recorded to have been the cause of the worst case of flooding in the Philippines, bringing at least 106 people to the list of dead and missing.
Today, again on September, felt like a sequel to the tragedy of Ondoy as Manila is greeted by what seems to be the strongest typhoon of the year 2014, Typhoon Mario.
By: Cristine Ann B. Parungao
The number of workers settling on the minimum wage is increasing every year. Most of these individuals are believe to be younger and less educated. They are the individuals who may need cash in a short term basis and prefer to work without sufficient benefits.
But is there an effect on how the minimum wage affects the country’s economy? According to a study of Leonardo A. Lanzona, Jr. on the “Effects of minimum wage on the Philippines economy”, “Minimum wages, more than other forms of regulation, are more directly associated with unemployment.”
“Firms (In the Philippines) are reluctant to hire younger, less educated and female production workers.” according to professor and ACERD Director Leonardo A. Lanzona Jr., on his Journal titled: Effects of minimum wage on the Philippine economy, at Philippine Institute for Development Studies (PIDS).
Lanzona is a professor at Ateneo De Manila on the School of Social Sciences. He finished his doctorate degree at the University of the Philippines, Diliman.
For years, people have been questioning the Philippines’ economic growth while there is still big percentage of jobless Filipinos in the country.