Friday, March 10, 2023

Entrepreneurship for a Successful Nation

High unemployment has always been one of the biggest dilemmas in the country, and people must be aware that this is happening, even if they are not affected by this. What are the causes of this issue? Fewer businesses, few job offers. 

The inadequacy of the economy increases poverty as well, and the fact that the Philippines are exporting their workers, not employing them. The Philippines is a labor exporting country. We send Professionals, skilled workers, and domestic workers abroad. They usually refuse to work in the country because the Philippines have fewer opportunities in manufacturing or even agriculture. So this makes them prefer to work abroad where employment rates are high, and when a pandemic occurs or a tragedy, this results in them going back to the country, which adds up to the already-high unemployment rate. This also causes the scarcity of having competitions against big companies which results in fewer workers. Fewer job offers in the country, fewer people can work. 

Business competition is really necessary because it offers more work for Filipinos. A single company cannot dominate everything. If more people made businesses then a few Filipinos choose to go abroad. And if the government took good care of these Filipino citizens, proper taxes, no corruption, then they would prefer to work for the country and help it grow like the neighbors of the Philippines

 

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