How to stop or solve the poverty in the Philippines?

[al1974]

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Hyperwage theory is not my theory. I read it entirely nad have understood it. As the author says, it is not for those who are close-minded. I believe in the theory because I understood.

[al1974]

Bro...you just said it yourself it is a "Theory" and remains to be proven. Arbitrary increase in wages has been proven to be inflationary -- and it's not a theory but supported by empirical data. Between (unproven) theory and historical evidence, would you really think anyone would buy your theory?

By the way...I have heard this theory sometime more than two years ago by Thads Bentulan (sorry if i mispelled his name)...frankly, I don't even know if he understands his economics well although I don't wish to presume an expert here but it's poor economics to ignore proven economic concepts which is what this whole theory conversely presents.

You have heard it. BUT haven't read entirely. No offense meant, but I believe you will understand it better if you read it. I was hesitant at first though but he has answers to all my hesitations as I read it.

Why? whats with the economic concepts? Are they laws of nature that will not change through time? Are they like scientific principles that can not be disputed? Did you know that a lot of things considered true decades ago are no longer true in the present?

Economic concepts are not ALL APPLICABLE all the time, anywhere. It can be true to some of the times and some of the places in this world. We are a third world country with third world wages spending and buying first world import goods. What economic concept can help that? What other things can be done? The theory says we need to have wages that we can live on and that is wages at par with the world market. Wage that is of fair market value. Read the theory bro, it is really something worth exploring.

[al1974]

I have read your position and they are VERY SPECULATIVE.



This is not true and very misleading...aren't you aware that there are people who even want to get underpaid just to find work? Maids, labandera, kargador etc...

So the point is low wages is not a reason not to work especially when you're to choose between work and survival

Your theory is good only... too good to be true.

And precisely why their is so much exploitation in this country

[tapsikret]

im very much convinced about this hyperwage theory..
i always listened to DYAB's aragnkada kanang kang leo lastimosa..
it was there in DYAB that i first heard about this theory and the author gamely answered all questions thrown at him.. and i was convinced..

[nItO/pIrEnA]

kaning hypwerwage chuvah, mo-offer ug subsidies ang gobyerno ani sa mga employer? luoya pud ani sa mga negosyante, tak-tak ang halin sa sweldo...or basin pud, ila rang mahalon ilang services/products para makabawi...mao ra gihapon, same story...dakog sweldo, mahal gihapon ang pamaliton

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okay, i answered my own question...inflation cant go on forever...

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but, i still think that this paradigm shift would be very traumatic for the economy...for example, the major driving force of our economy is the export industry...under this theory, the export industry would die leading to loss of capital...why? simply because the products of the export industry is not aimed at the local market...what would a common pinoy do with designer furniture or a string of seashells for example?

although this would only be the birth-pangs...should the economy survive that, i'm quite optimistic that we'd be having better days right ahead...

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although in the back of my head, a still little voice is saying: "sounds communist/socialist to me" hehehe

[thinkerbelle]

interesting topic..una poverty cannot be solve or stop yet can be minimized and redefined.dri sa pinas poverty means earning less than $2/day, in industrialized countries it simply means u can't afford to buy luxury car,multi-million homes etc.

hyperwage theory,sounds good but we simply not in position to adapt such system.our economy is very much in the mercy of foreign investors like most SEasian countries.if government impose high wage mu-atras mga investors,remember mo few months ago nag-wage hike ta foreign employers angal dayon kay we are the highest wage earner na daw in the region nya threat dayon na mapugos sila pull-out.government wage will not do sab,simply na our government budget cannot support it.

mka-adapt lng ta ini if una our country will be free from external debt kay mao jud nay gakaon sa atong income and same time crippling our economic growth. since nagaid atong nasud sa utang sa international community itoy2x lng jud ta sa ila mga demands kay reliant man kau ta nila.most sa ato industry gi-dominate sa foreign capitalists.government funded projects utang sab nah clouded with all sorts of hocus pocus..sa part sa government,unclear kau ila plan how to propel our economy,to provide basic services,implement law & order and incapable to unite our country.sa citizen side sab,we are simply uncooperative.maybe due to lack of information or simply lack of interest.kalabanan sab nato irresponsable.let's talk of corruption,tama to isa ka istoryan dri who said na its the petty corruption that jeopardise the whole situation.but why is there petty corruption anyway? its simply because ato sab nang gina-tolerate.ex lang mu-claim ta ug NBI clearance,nganong mubayad man ta ug inside fixer para ma-hassle free ta? simpleng bagay lang nah siguro but look at the impact of such action.wla ra ni sa kumingking sa real corruption that's going on but it all started from this simple favor di bah? Pinoy are not hardworking people,c'mon let's face it ,no offense hah but this is a shameful truth as a society tamaran ta na mga tawo tapos kinaiya na nato ang pagkasuyaan nya materialistic pa jud. ayaw mo kasuko hah usahay sakit jud ipanawong sa ato ang kamatuoran.y i said tamaran ta? lantawa lng gud nang atong palibot gubot na hugaw pa,ngano man? kay dli man ta ganahan mulihok na wlay sweldo,nya kinsa may mu-sweldo nimo kun kaugalingon nimong balay ug tugkaran imo limpyuhan? kining mga tawong wlay trabaho kusod kau mangita alibi nganong muhimo sila ug krimen.jobless but kusog kau mutungga ngadto sa kanto,kada-adlaw hubog.magpatawg ang barangay ug meeting dli mu-attend if wla libre snacks or incentive.proud kau ta sa atong "bayanihan spirit" but i wonder lng naa bya gyud ta anah? murag kalabanan man nko mkita suya2x system man.if kita tang ni-asenso atong silingan pangitaan dayon ug sayop nya i-chismis dayon samot pa magmaoy-maoy dayon.materialistic? yes,most of us buy things not because we need it.ex lang ang celfone,do we really need it? or is it just peer pressure that drives us to have one? kining mga electronic gadgets,appliances,vehicle.nothing wrong to have these things kana if u can afford them w/o drowning urself in debt. now,ask urself what will you do once ul earn big? im sure a lot wud say i will buy a nice place in a high-end condo community,buy a car,get the best audio-video system,etc...naa kaha mkahunahuna ug engaging in business na mka-provide job sa ako mga silingan or set up ug foundation to provide free education or say set up centers or institution for intellectuals...of course daghan jud mu-favor sa former,after all its my hard earned money so dapat ako lng i-enjoy..mao ra sab ni sa mga government officials,dli lalim mugasto minilyon during election mao once seated na mubawi jud sila sa gasto with multiple% interest pa...lisod kau noh? it all goes down to every individual,naa ra nato if we want to better our condition...as for me,i keep on encouraging people around me to discover their potential in venturing to business..most of them say na we are hopeless, then hopeless jud ang usa ka tawo kay bisan ambition wla cya.positive thinker people influence as many as u can so ul spread positive energy sa nyo community.sa mga tawong feeling hopeless and negative thinker,try to open ur mind to possibilities opportunities might just be around you.and one simple thing sab na mahimo nato is to respect and love our country,it is our identity the only place we can call home bisan unsa pa kagubot.sa katong wla pa ka-experience mu-abroad ma-realize ra nah ninyo once ma-foreigner unya mo in one's country.try lng gud mo google forums how the world see us Filipinos, basi mka-spark diay nah sa inyo national pride. MABUHAY! kapayapaan.

[wakkanakka]

If we can lessen the stealing and the corruption in the government, it will help. All the billions we save can buy classrooms and textbooks so people will be educated. And they can earn more.

[Motownkid]

Cge ta ug bayad sa atong international debt pero wala gyud nigamay atong utang. Instead ni-samot pa nuon kadako every succeeding year. Kung dili mahunong ang lantaran nga korapsyon, wala na gyuy pag-asa ma-solusyonan ang kalisod nato.

[al1974]

im very much convinced about this hyperwage theory..
i always listened to DYAB's aragnkada kanang kang leo lastimosa..
it was there in DYAB that i first heard about this theory and the author gamely answered all questions thrown at him.. and i was convinced..

i have the latest file of the Hyperwage Theory. PM me if you want a copy and I' send to your email.

[r0mm3L]

free education for the poor, its the 1st step, no more pabahay