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    Why Are Wage Rates Generally Very Low in Philippines

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    jaiscey valencia
    Wage rates in the Philippines are generally very low for three main reasons: 1) The Philippines has historically been a third world country with a low GDP per capita and high infant mortality. 2) Many citizens lack access to healthcare and higher education. 3) Third world countries are less developed than other countries. One significant cause of income inequality is advanced technology. The development of new technologies favors skilled workers and innovators who can benefit financially, while replacing or reducing the demand for unskilled labor. This widens the gap between the wages of skilled and unskilled workers.

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    Why Are Wage Rates Generally Very Low in Philippines

    Uploaded by

    jaiscey valencia
    59 views1 page
    Wage rates in the Philippines are generally very low for three main reasons: 1) The Philippines has historically been a third world country with a low GDP per capita and high infant mortality. 2) Many citizens lack access to healthcare and higher education. 3) Third world countries are less developed than other countries. One significant cause of income inequality is advanced technology. The development of new technologies favors skilled workers and innovators who can benefit financially, while replacing or reducing the demand for unskilled labor. This widens the gap between the wages of skilled and unskilled workers.

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    Why are wage rates generally very low in Philippines

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    Wage rates in the Philippines are generally very low for three main reasons: 1) The Philippines has historically been a third world country with a low GDP per capita and high infant mortality. 2) Many citizens lack access to healthcare and higher education. 3) Third world countries are less developed than other countries. One significant cause of income inequality is advanced technology. The development of new technologies favors skilled workers and innovators who can benefit financially, while replacing or reducing the demand for unskilled labor. This widens the gap between the wages of skilled and unskilled workers.

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    59 views1 page

    Why Are Wage Rates Generally Very Low in Philippines

    Uploaded by

    jaiscey valencia
    Wage rates in the Philippines are generally very low for three main reasons: 1) The Philippines has historically been a third world country with a low GDP per capita and high infant mortality. 2) Many citizens lack access to healthcare and higher education. 3) Third world countries are less developed than other countries. One significant cause of income inequality is advanced technology. The development of new technologies favors skilled workers and innovators who can benefit financially, while replacing or reducing the demand for unskilled labor. This widens the gap between the wages of skilled and unskilled workers.

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    1. Why are wage rates generally very low in Philippines?

    Wage rate in the Philippines are generally low because Philippines is historically a Third
    World Country. The GDP per capita is low and the infant mortality is high. Many of its citizens
    lack of access to health care and higher education as         well. The third world describe a
    country that not developed as much as other country. That's why the wage rate of Philippines are
    generally very low.

         2.  Identify and explain one cause of income inequality. 

    One cause of income inequality is advance technology. Advance Technology can be a


    driver of income and wealth inequality because of its skill-bias nature and because innovators
    can capture high rents. Both skilled and unskilled     workers are affected by technological
    advances, unskilled workers have the worse outcomes because labor market still need the skilled
    workers to use computers and operate the advance machines. The demand for skilled labor
    creates an increase in the relative wages of the skilled compared to unskilled workers. The
    income gap among workers has widened and also the income gap between workers who earn by
    their skills and owners who earn by investing in capital has widened.

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