The global economic crisis is hitting us fast and loud. Retrenchment is all over the country, particularly among locators inside the special economic zones. Contrary to the recent claim of President Arroyo that we are outside the sphere of the global economic recession, more and more foreign-operated firms in the country are either laying-off people or cutting operational expenses. Our only advantage against US and other countries is the fact that Filipinos have long been adapted to poverty, unemployment, corruption and scams.
But still the economic crisis is a difficult challenge to all of us. Common laborers used to get by from earning P200 a day. But with the unabated increase of prices of basic commodities, services and education, they are facing a bleaker future amid the growing economic slump. This is apart from the new cost-cutting trends adopted by many labor-intensive businesses in the country.
So to help ourselves and our families, we must do something even in our own levels. Let the government do its duties to the public, we have to take responsibility of the consumption and expenses inside our own homes.
But still the economic crisis is a difficult challenge to all of us. Common laborers used to get by from earning P200 a day. But with the unabated increase of prices of basic commodities, services and education, they are facing a bleaker future amid the growing economic slump. This is apart from the new cost-cutting trends adopted by many labor-intensive businesses in the country.
So to help ourselves and our families, we must do something even in our own levels. Let the government do its duties to the public, we have to take responsibility of the consumption and expenses inside our own homes.
In the event of continuing economic crisis, saving energy, food and other consumables will help ease the family budget. Take for example water and power utilization.
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