Rizal Philippines
5.2.2021
The news about Labor Day speeches are disappointing, and are merely rehash of politicking issues and do not recognize reality:
1. Despite the the loss of jobs, labor groups continue to flex and ask for more - rights of workers and wages when there are no jobs to speak of in the first place
2. The govt giving wage subsidy and grants to SMEs; this is rather unsustainable amidst low consumer demand, lack of purchasing power.
The solution can not be forced; it will take time 3 or 5 years to recover. For the govt to continue the subsidy, it needs taxes. But who and when will the taxes be paid. Companies, even the bigger ones see huge drop in revenues in net income, from 50% to negative.
Now is not the time to talk about old political issues when times were normal; as of now mentioning them is either an inanity of grandstanding.
3. That the protests continue in violation of health protocols display lack of appreciation of efforts to curtail growth of covid19 cases that continues to worry us because of thousands being infected daily.
