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In the Philippines, there are employers' confederations to lobby the protection of firm owners; they also represents the business sector and employers in the country. The most widely known is the Employers' Confederation of the Philippines, which is leads as the voice of the employers in labor management and socioeconomic development. [43]
Poor working conditions for Filipinos hired abroad include long hours, ... 15.1% are plant and machine operators and assemblers. ... Philippines Today
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A 2024 survey conducted by the Social Weather Stations from September 14 to 23, 2024 estimated 16.3 million Filipino families considered themselves poor compared to 12.9 million in March 2024. Self-rated poverty were highest in Mindanao (67 percent), followed by Visayas (62 percent), and Luzon (55 percent, excluding Metro Manila).
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Increased Productivity - Companies may benefit from the increased specialization of workers as they have attained the associated skills of a job to a high degree. Economies of Scale - A group of skilled workers through increased productivity may help a company obtain cost advantages per unit that will help to increase profitability.
According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. [4]
Location of the Philippines. The Philippines is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. It is a founding member of the United Nations, World Trade Organization, Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation forum, and the East Asia Summit.