How do we provide jobs and employment to new batch of graduates in 2024?

Every generation needs a revolution - an entrepreneurial revolution

Shall they be OFW, be part of BPO, be entrepreneurs or unemployed.?

A record 22.3M learners joined the educational system for 2023   

22 million enrolees for 2023-2024  1/4 of thqt would be 5 million.

Have our economic planners prepared for this?  How many jobs will be available?

Are there enough investments to meet the job requirements of the new graduates/

Where  what are the industries available for them? j Are their graduation skills matched with the requirements of prospective employers?

Philippines poised to be the 24th biggest economy by 2030

Every generation needs a revolution - an entrepreneurial revolution

It is going to be up by 10 slots from current 34th?

THE Philippines is projected to become the 24th most powerful economy in the world in 2030 and further move up to 19th by 2050, overtaking Malaysia and Vietnam. Professional services firm PricewaterhouseCoopers (PWC) ranked 32 countries according to their projected gross domestic product (GDP) by purchasing power parity.

Wow, it is something to be proud of.   Other countries in Europe must envy where projected GDP growth is in the low 2s or 3s.  By why do graduates continue to be OFW.   Perhaps the reality bites that we are not at the moment.  

Our people would not want to work hard to get our country out of the rut.  They probably want instant reward by working abroad.  

What does this mean for our country?

How is your firm prepared for this development?   Will your firm be that productive in 6 years time?   Can you afford to pay the high wages then?

Did PBBM promise a P20.00/kg rice

Every generation needs a revolution - an entrepreneurial revolution 

If we accept reality, the answer is no.   Inputs for rice production is high, the buying price for unmilled rice is almost P20.00 couple that with higher price, cost of transport, marketing margin, then the P50++ rice is fair after doing computation

That we all fell for that cheap gimmickry is another matter, and for the integrity of the person who made that claim to stand up.

PBBM promised a P20.00/kg rice

What remains for the rest of economic managers:

1.  Make the workers be more productive, so that the wages catch up with high price of rice;

2.   Find rice substitute:   cassava, and research the artificial rice machine of china

3.    Research more ways on how to make rice production more efficient.