SOLUTION TREE

Monetary Fiscal
Policy Policy

By lowering interest rates, it can

increase aggregate demand and Increase government spending
economic growth, which helps and lower taxes to manage output
the rate of unemployment. and employment.

Unemployment in the Philippines

Prevent graft and corruption. Government should reduce the

*mandatory reporting regulations in corporate tax rate and remove the
the public sector should be unnecessary tax incentives.
implemented.

Government should ensure that

Reduce occupational immobility. everyone has access to basic
*subsidize the provision of vocational education.
training by the private sector in order
to improve the level of skills.
Filipinos should enhance their
creativity, be optimistic, and be
competitive.
Lowering retirement age.
*those jobs could be occupied by
younger people who are likely going Every Filipino should avoid being a
to be more productive. slacker.
.

Regardless of the fact that unemployment affects

everybody in a country, the government remains responsible
for ensuring proper economic conditions and maintenance.
In the case of a recession that results in unemployment, the
government should be prepared to take the necessary action.