How to stop or solve the poverty in the Philippines?

[unsay_ngalan_nimo]

Mr Unsay Ngalan NImo.
You actually believed the article written in Rational Choice? Are you sure you know what you are reading?

The person who wrote it used the homeowner and the helpers salary as merely money transferred from one hand to another, and that accdg to the supposed economist who wrote that blog, the total money is the same.

Ha ha ha ha...

Im sure you are not an economist Mr Ngalan, and so you blindly accept the blog of an economist (blindly)...

Why is that funny? bec the supposed economist does not even know what he is talking about.

And here is what you should know too.. MONEY transferred from the homeowner to the helper is not a matter of 100+0= 100 and that 80+20 = 100 (the total being the same).

NO NO NNO way...!!!! Why? Dont forget this.. and read the book bec I know you did not read the book.

the total is not the same because MONEY is created (not conserved!!), there is MONEY multiplier, and the Keynesian multiplier.

Read the two chapters on these topic in the Hyperwage Book.

If you have read them and still you dont understand, then DONT pretend to know. If you dont understand, DONT talk.


Since I read that blog too before as I googled Hyperwage, if you had a better background in economics Mr. Ngalan, you will realize that:
- the blogger who is an economics student, shows his ignorance of economics itself, by saying that thed principle in MONEY Multiplier is DIFFERENT from the Keynesian multiplier.

HIs fallacious reasoning? That money multiplier is due to teh banking system. What baloney! That is economic ignorance outright.

The fact is, the same principle and mechanism works in the Money multiplier in banks and the Keynesian multiplier, and indeed teh Keynesian multiplier is the Money multiplier.

And their underlying process? Its also in the Hyperwage book: The infinite geometric progression for r<0.

BUt I dont think you know what that progression means. Bec if you knew what that means, and if you have read the book, then there is no other conclusion: Keynesian multiplier and the money multiplier ARE NOT different, they have the same underlying process.

I agree with the other pro Hyperwage here, we use the same language because we have read and understood the book. I was teacher of advance calculus before, and I understood Hyperwage Theory immediately because it is mathematically consistent.

Have you read the chapter on "Repealing the law of supply and demand?" read it. if you cant understand it, I cant be responsible for your confusion.

Do you even understand NONLinear systems?

All the reasoning are found in the book, Grabe! The book is self consistent and perfectly logical. The more highly educated you are, the more you realize how deep it is.

At first, I was a negative reader because I thought "this is against econ 1" but then when I read it, I realized, it was not against econ 1. It was actually beyond econ 1. Econ 1 is merely a special case, while Hyperwage is the general theory.

Just remember this, your friends and relatives are in the US not because they love the Philippines but because they love the Hyperwage of the USA.

The theory is not funny. It is you who are funny.

and money paikot ikot is NOT the same total anymore. It is actually MULTIPLIED. It is obvious you dont understand the multiplier effect.

Now thats funny.. somebody poohing an economic theory when this person doesnt even know what a multiplier is.

REad more, learn more.

no im not an economist, im pol sci graduate na puro econ ang subjects... technically hindi numerical ang approach namin sa econ but basically its impact... economic policy and its impact sir ganun ang approach namin... kase you cant measure lang by numbers lang sir...

yes in one of our econ class naging topic ang hyperwage theory sir... so we have to at least gloss or read the book... we did had a debate on the theory though...

you can say the GDP increase or infaltion rate is down but at the micro level hindi yun ramdam... ganun ang approach namin sir.. hindi ako economist.. hahahaha.. and the theory lacks practicality...

lets say maging economic policy ng phils ang hyperwage so we have janitors earning 20-25k, (maganda pakingggan diba...) tanong ko lang sir dapat din natin pataasin ang sweldo ng mga amo nila diba? by how much sa tingin mo?

if a clerk earns 8K every month and a programmer earns at least 18k a month and we raise the minimum wage.. so the clerk will be earning 25k to 30k? how much should a programmer earns? 60k - 70k?

one of our comparative advantage with other state sir our low labour cost... in reality there will alot of factory that will have to close down becasue they will going to CHina and Vietnam or India na maslow ang labour cost...

so how will hyperwage solve the problem on unemployment?

hyperwage is only ideal if we own our resources and our businesses sir.. and at this time... hindi po yan applicable...

[hyacinth0721]

A system should be in place that will instill discpline among us.
Kung unsa nga system, that I do not know yet.
Unsa on man na ang discipline if ang systema huyang...mo breakdown ra gihapon ang discipline.

Example of a good system.

Adto ka sa atong mga malls (SM, Ayala, E-mall, Gaisano..etc)
daghan kaayong tawo dinha, lain-lain lang sila ug kina-iya, adunay buotan, malditohon, naay medyo bastos, mga sexy...Pero mahibulong gyud mo nganong wala kay makita nga tawo nga nangihi sa daplin sa agi-anan. ngano kaha? is it discpline?...pero adto gawas sa malls...di ba naay mga eskina/eskinita nga baho ug angso. bahong ihi...
sa gawas sa malls, mga tawo pataka lang ug labay ug basura (panit sa candy), pataka lang ug pangluwa,...pero sa sulod sa mall, aduna ba moy makita nga pataka lang ug pangluwa? aduna ba kamo'y makita nga pataka lang ug labay ug panit sa candy?...Nakakita ba mo ug nanigarilyo sa sulod sa mall? Pero tan-awa sa sulod sa jeepney, bisan klaro kaayo ang NO SMOKING sign...hala pabulhot gihapon sa sigarilyo.

So, is it Discipline or a System?
A system that will really punish offenders might just do the trick. Once it is in place, mohayag-hayag na gyud tingali ato kaugmaon.

yes, you are right....but that system you mention will be futile if you cannot get the support of the people. you still need their support inorder to let the system work smoothly.
for example, kanang CITOM or traffic enforcers, manakop na cla ug mga traffic violators. mga pasaway na drivers, passengers, or mga passers-by (jaywalkers).
so, let us say, this is a good traffic system imposed by Cebu City officials para kuno mahapsay ang kadalanan sa atong dakbayan. dagko au ang mga fines, charges sa mga violators para ma-threaten kintahay.
but, unfortunately, daghan mn gihapon ang mo-violate...you can see a lot of jaywalkers out there,
mga vehicles nga gipang-tow, overloaded jeepneys, mo-overtake murag maoy tag-iya sa dalan.
tsk...tsk...thus, you can immediately conclude that the system is really ineffective.
no matter how you will punish the courageous offenders, maski presohon pa na, di japon na mahadlok....hehehehe..
so, back to basics, self-disclipine is the key to progress..
let us not wait for new systems to be imposed para makat-on ta.
let us open our eyes and inculcate to the minds of the young generation na magbaton ug disiplina sa kaugalingon .....oki dokz?

[istoryansucks]

The best way to minimize poverty is to promote patriotism.

[pirehro]

ibagsak ang corruption! lols

[Luskan]

Corruption or not, as long as the person is lazy, there is still poverty.

[istoryansucks]

corruption starts with yourself bro..so in order to minimize corruption then discipline yourself.

[doty]

we will start from ourselves dili nlng ta mgsalig sa ato officials kay wala mn sla mahims i believe if we start giving even if how little it is we can make a gradual difference share share lng we have to get away from the greediness in us

[al1974]

no im not an economist, im pol sci graduate na puro econ ang subjects... technically hindi numerical ang approach namin sa econ but basically its impact... economic policy and its impact sir ganun ang approach namin... kase you cant measure lang by numbers lang sir...

yes in one of our econ class naging topic ang hyperwage theory sir... so we have to at least gloss or read the book... we did had a debate on the theory though...

you can say the GDP increase or infaltion rate is down but at the micro level hindi yun ramdam... ganun ang approach namin sir.. hindi ako economist.. hahahaha.. and the theory lacks practicality...

lets say maging economic policy ng phils ang hyperwage so we have janitors earning 20-25k, (maganda pakingggan diba...) tanong ko lang sir dapat din natin pataasin ang sweldo ng mga amo nila diba? by how much sa tingin mo?

if a clerk earns 8K every month and a programmer earns at least 18k a month and we raise the minimum wage.. so the clerk will be earning 25k to 30k? how much should a programmer earns? 60k - 70k?

one of our comparative advantage with other state sir our low labour cost... in reality there will alot of factory that will have to close down becasue they will going to CHina and Vietnam or India na maslow ang labour cost...

so how will hyperwage solve the problem on unemployment?

hyperwage is only ideal if we own our resources and our businesses sir.. and at this time... hindi po yan applicable...

I'll take it from there-
Yes, all salaries will have to be adjusted as per the book Hyperwage Theory. Yes there will be unemployment just like what we have now. But consider this- if a husband who used to earn 30K and his wife earns 20k.Then the husband gets to earn 70-80k with Hyperwage, the wife can now give up the job to take care of the kids because a maid then will cost 20K. The same goes to a family with 5 young adults all working for a meager min wage of 270 and foregoing education- with hyperwage, even if only 2 or 3 of them will work and the other goes back to school, they can live a better life.

For those companies who can not afford hyperwage, their options are:
1. Automization to lessen production workers
2. Multitask employees
3. Cut down empoyees and they themselves form part of the headcount

If they close, fine. They will soon go back to working.

By the way- Mr. Bentulan, the Hyperwage author says that it is not necessary to implement 100% Hyperwage right away. It can be started at 20% per year in the next five years.

Also- Some of the initial steps of the Hyperwage realization that have been taking place-
Government have raised salary schemes of Govt employees. Some companies are increasing salaries to cope with the brain drain.

Read the book again if you have the luxury of time. I have read the book a couple of times so I may understand it more. I am not an economist thats why maybe my mind is more open to the theory.

Hyperwage Theory- first it will make you laugh. Later it will make you think.

[foolonthehill]

Mr Unsay Nglan,

Please naman oh, being a political scientist you are taught to research before you debate. You said you have read the book but do you know that your argument about the wages and clerks and jobs going to China are being discussed in Chapter 31 to Chapter 33 of the book?

I hope you see that your arguments are so basic, it is so arrogant for you to think that you are only bright person who thought of the situation you are discussing and that the wage issues you have thought of has not been analyzed before by the author.

Do you really really really think that the author is so stupid not not not not not to have thought of that situation before?

Ay naku. Think before you leap, man. Basahin mo ang libro, sir.

It not good to debate when it is revealed you do not know what you are debating about.

Pls read also "how to analyze hyperwage theory".

Para naman, progressive ang discussion natin.

peace to all.


PS. Why are you surprise that programmers are not worth P60K a month? You dont think they deserve it? You want to go to USA and earn P200K a month?? US is a Hyperwage Country!

=================

no im not an economist, im pol sci graduate na puro econ ang subjects... technically hindi numerical ang approach namin sa econ but basically its impact... economic policy and its impact sir ganun ang approach namin... kase you cant measure lang by numbers lang sir...

yes in one of our econ class naging topic ang hyperwage theory sir... so we have to at least gloss or read the book... we did had a debate on the theory though...

you can say the GDP increase or infaltion rate is down but at the micro level hindi yun ramdam... ganun ang approach namin sir.. hindi ako economist.. hahahaha.. and the theory lacks practicality...

lets say maging economic policy ng phils ang hyperwage so we have janitors earning 20-25k, (maganda pakingggan diba...) tanong ko lang sir dapat din natin pataasin ang sweldo ng mga amo nila diba? by how much sa tingin mo?

if a clerk earns 8K every month and a programmer earns at least 18k a month and we raise the minimum wage.. so the clerk will be earning 25k to 30k? how much should a programmer earns? 60k - 70k?

one of our comparative advantage with other state sir our low labour cost... in reality there will alot of factory that will have to close down becasue they will going to CHina and Vietnam or India na maslow ang labour cost...

so how will hyperwage solve the problem on unemployment?

hyperwage is only ideal if we own our resources and our businesses sir.. and at this time... hindi po yan applicable...

[foolonthehill]

There are few companies in the philippines bec there are few people buying the products. Few a buying the products bec they have no purchasing power . They have no purchasing power bec they have low salaries?

Therefore?

Give people high salaries
High salaries means high purchasing power
High purchasing power means high consumer demand
High demand means high profits and high production
High productions means high employmnet
High employment means high purchasing power
High purchasing power means high consumer demand
High consumer demand means....... and etc etc etc..

Where is the fault in the logic? Wala.

bisan pa makagradaute ang tanan.. kon walay trabaho nga masudlan pobre lang gihapon.. maka ingon nalang ta sa nanggradaute "Congratulation you are now unemployed.". kon basic needs lang gyud ato life.. dili man ta makaingon nga probre. as long as makakaon.. pero kanang kinaiya sa tao.. gusto mangandoy og daku.. mao na the more mangandoy nga walay buhaton.. the more mgkaprobe... dili naman gud makuntinto ang mga tao kon walay nindot na appliances..