Real wages stagnant even as jobs, productivity grow

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Relaxed labor laws, improved worker skills, and greater ease of doing business would open up high quality and well-paying jobs for Filipinos in order to alleviate poverty, the World Bank said in a new report.

In a report titled “Labor Market Review: Employment and Poverty in the Philippines,” the multilateral lender pointed out the gnawing problem of underemployment in the country, with a big chunk of Filipinos remaining poor despite holding jobs. Read the full story.