Re: High OFW Remittances Means No Jobs Available In The Philippines


Talagang Ganyan wrote:
> Prof. Benito Lim of the Ateneo made a good observation with regards to
> the high dollar remittances from our OFWs.
> Actually GMA should not be glad with regards to this statistics datum.
> It only means that she is not able to generate the local employment
> that she said she would in her SONA speech.
> Filipinos would rather stay here than work abroad if they have the
> choice. If they cannot find a decent means of living here then they go
> to work in other countries.
>
> If they prefer to work in Iraq illegally than to work here then there
> must be something very wrong with our economic policy.

I think the observation misses the point. What the high remittances
indicate is that Filipinos earned a lot of money and sent it back to
the RP during the holiday season. This money would in turn be used to
purchase things in the RP. That is the significance of the report.

And furthermore, it never makes sense to force the President to create
jobs in the RP only for her to look good. People should be encouraged
to make money where there is money to be made. That's the bottom line.
Then, when there are people who can buy things here, then there would
be merchants who would decide to do business here.

.

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