How to stop or solve the poverty in the Philippines?

[al1974]

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Also- as the book Hyperwage discussed- if hyperwage is implemented, employees will have to be multi-tasking and should be more productive to enjoy the hyperwage employment. Its like when you were given a raise, will you work harder?

[Vince Russo]

Also- The Hyperwage Theory gives the 13th month Salary or the December Season where everyone gets twice his salary in the form of that 13th month. The December season is a Hyperwage scenario where everyone is paid more and can spend more. The economy is a lot better in December- Sales are UP and there is economic stimulus.

Isn't it hyperwage in action?

I believe that workers here already receive the "13th month" bonus, don't they? Also, remittances from abroad typically increase during the Christmas season anyway from due to the "giving" nature of the holiday. I think that it would be more accurate to refer to these two existing dynamics as being a part of the "current system" than it would be to claim it as a benefit of Hyperwage Theory... Neither the employer nor the family member abroad could sustain the above described monetary increases on a daily/weekly/monthly basis. It's hard enough doing it just one month out of the year.

[canister_sa_puwet]

all people of the philippines 5 year old above will commit suicide including me, and raised a new breed of person fro 4 year old below

[Vince Russo]

And by the way, my co-Filipinos are toiling just like their counterparts in other first world countries. To some extent, they even offer more value. Why? Our labor workforce barely earns a living but these workforce are highly-skilled. When they go abroad, they are hailed as very good workers. Our college graduates works as cashiers, clerks and some even at fastfoods. They are offering value but their wages are inequitable to their credentials.

Don't you think the Filipinos deserve hyperwage?

The issue isn't whether or not Filipinos "deserve" a better salary. Of course they do. But that question takes it out of the economic policy arena and unfairly turns it into a humanitarian issue. It would be wonderful if EVERYONE in the world received higher salaries, right? The difficult part is solving the "how to do it" puzzle.. A vast number of American college graduates must also resort to working in minimum wage jobs (store cashiers, fast food restos, etc.) after being laid off. They, too may be highly skilled in an area other than their current job description, but in what way does that generate the sale of more burgers or prove to be beneficial at the check-out counter? If you increase their wages dramatically, will either any business reap sufficient financial reward to cover the cost of the salary increases for all of those employees?

[Vince Russo]

Dakota,
While it is ok to give your opinion on hyperwage, I say it is also unfair to shoot an idea without FULLY understanding it. Read it and you will realize there is indeed a reason for his theory.

Also, are you a Filipino or have you been here in the Philippines? You will know that even if we double the current minimum wage, it is still below the survival wage. I have posted a lot on this discussion in the previous page. Feel free to view it.

Yes it violates the fundamental of economics. But even the brightest economists at ADB and World Bank have not made a dent on poverty problems of third world countries. And I think its time to try something that haven't been tried before; The Hyperwage Theory- the single most effective way to end poverty and modern day Filipino slavery.

Not sure if I understand something here.. Could you please clarify who specifically is enslaving Filipinos? I trust that you aren't attempting to assign blame to any group outside of the RP.. The World Bank just loaned the RP 71 million dollars, and I'm wondering whose pockets it will line instead of reaching its intended destination (as outlined in the "loan application" to the WB).. Poverty could be reduced dramatically with a reduction in Gov't corruption and a a thoughtful approach to population control. A monthly salary of 10,000p can normally support an individual, but not if that individual who has 5 or 6 children (or more). That's an INDIVIDUAL responsibility issue that seems to be overlooked when addressing the causes of poverty here. And I know that pop. control is a touchy subject...

[al1974]

I'm posting a lot of things that I have posted pages back to those new posters here. You can view previous pages.

[al1974]

71 million dollars- yes, and it will not have a dent on reducing poverty. Whats worst- my granchildren's children will pay for its interest, not the entire debt.

[al1974]

Will reduced corruption reduce poverty? from what I understand, it will not put food directly on the table, but surely, hyperwage will.

[al1974]

the ones enslaving Filipinos is the system of low wages- Thats called the Strategy of Poverty in the Hyperwage Theory

[al1974]

I believe that workers here already receive the "13th month" bonus, don't they? Also, remittances from abroad typically increase during the Christmas season anyway from due to the "giving" nature of the holiday. I think that it would be more accurate to refer to these two existing dynamics as being a part of the "current system" than it would be to claim it as a benefit of Hyperwage Theory... Neither the employer nor the family member abroad could sustain the above described monetary increases on a daily/weekly/monthly basis. It's hard enough doing it just one month out of the year.

Sorry- What I meant is that the Hyperwage Theory cites the 13th month as an example of "hyperwage" where employees receive twice their salary in a month- December