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Wednesday, July 24, 2013
Pres Pnoy's Govt has strong and great economic results but lags behind in job generation
Social and political criticisms
Many commentaries in Pres Pnoy's SONA has high marks for for the President on economic performance and governance but lags behind in job generation. Many Pilipinos are still unemployed (about 3 million) and a lot more are under employed. I saw an interview with Sec Almendras (at DTI) where the investment and job generation issue was tackled.
From where I come from this is the way I look at the problem:
l. Entrepreneurial mindset must be promoted (Go Negosyo Go go go); politics of patronage must be minimized; less politics, more business.
2. Political dynasty = business dynasty. Families dominate both business and politics. Politics give these families more monopolistic stronghold in regions and provinces.
3. Difficult regulators (need I say more)
4. Corruption at Revenue offices: at LGUs and central govt: BIR and BOC. Many online businesses died because of BOC
5. More emphasis on welfare programs rather than entrepreneurship
So what are we complaining about lack of jobs?