Inequality

inequality

Neoliberal policies that government continues to implement have hindered Filipino producers from growing and flourishing.  The share of manufacturing in gross domestic product (GDP) has fallen from 27.6% in 1980 to 22% in 2012; agriculture’s share in GDP in turn has fallen from 23.5% to 11 percent over the same period. This shrinking of productive sectors deprives millions of Filipinos the opportunity for decent work, livelihood and means of subsistence. The wealth of the country’s richest 1% is equivalent to the combined income of the poorest 30%, showing severe inequity that reflects the control of the economy by a few.

Nandito ang detalye.


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