FFE Magazine

World Bank study lauds Pinoy labour Force

9may world bank labor

 

 

According to a report by World Bank (WB), Filipino minimum wage earners are the among the world’s most unproductive workers. However, if given the chance and the right opportunities, Filipinos have the ability to excel in the labour force.

 

WB Senior Economist for the Philippines Karl Kendrick Chua said that Filipinos ‘have proven they are a competitive labour force.

 

‘If Filipinos are given a chance to hook up with capital, they do very well.’

 

The report cited the booming local business process outsourcing sector and persistence of migrant workers as examples of the Filipino’s resilience and capability when it came to employment.

 

However, because government consistently fails to implement programmes that take advantage of the Filipino workers’ potential, productivity among minimum wage earners fall short of expectations. ‘[The problem] stems from a long history of underinvestment in people, firms and public investment,’ said WB Philippines’ Rogier Van den Brink.

 

The WB suggested that government and businesses must create ways to improve employee productivity and boost wages to make the most out of their skills.

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