JANNELLE MICA D. VIDEZ plans to leave her job as a business analyst in the Philippine capital and move to Australia to work in public relations.
“While it’s true that the cost of living is also more expensive there, workers are paid better than in Manila,” the 22-year-old Filipina said in a Facebook Messenger chat. “Price tags only keep getting higher here, but the quality of life remains stagnant.”
However, job quality deteriorated as underemployment, which shows Filipinos seeking more work, slightly rose to 14.4% in November from 14.2% in October. Cash remittances from migrant workers, a major dollar source for the Philippines, rose to $2.91 billion in October from $2.84 billion a month earlier, according to the Philippine central bank.
Labor markets in the Asia-Pacific region have partially rebounded from the coronavirus pandemic, but full recovery remained uncertain, it said. The region lacks 22 million jobs to return to pre-pandemic employment levels. On Dec. 15, the House of Representatives quickly approved on final reading the proposed Maharlika Investment Fund, which has been criticized over the alleged lack of transparency and safeguards.
“In this new normal where we rely more on digital technology, the government can work on expanding the physical and digital infrastructure,” she said in a Viber message. “Retooling and reskilling the Filipino workforce will help them adjust quickly to this new environment.”
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