SUPPLY-DEMAND

AND THE
PHILIPPINE LABOR
MARKET
OB J E C TI V ES
 • TO KNOW THE
SUPPLY-DEMAND OF
LABOR SUPPLY
• TO KNOW THE
SUPPLY-DEMAND OF
THE POPULATION
• TO KNOW THE SUPPLY-
DEMAND OF WAGES
• TO KNOW THE SUPPLY-
DEMAND OF LABOR
MIGRATION AND THE
OVERSEAS FILIPINO
WORKERS
L ABO R S U P PLY
• It is also called a Labor force
• Refers to the portion of the
population
• It is a vital to the economy
since their contribution to
production of goods and
services determines the value
of the country’s GDP.
P OP U L AT I O N
GROWTH
• is the increase in the number of
individuals in a population.
• (birth rate +
immigration) - (death
rate + emigration)
 Year 2014

24%
56%
Luzon
Visayas
Mindanao

20%
 PHILIPPINE POPULATION (1970-2020)
120,000,000

100,000,000

80,000,000

60,000,000 PHILIPPINE
POPULATION
(1970-2020)
40,000,000

20,000,000

0
1970 1980 1990 2000 2010 2020

https://www.worldometers.info/world-po
/philippines-population/
 YEARLY GROWTH RATE % (1970-2020)
3.5

2.5

1.5 YEARLY
GROWTH
(1970-2020)
1

0.5

0
1970 1980 1990 2000 2010 2020

https://www.worldometers.info/world-population/philippines-population/
PH I L I P P I N E
WAGES
• money that is paid or
received for work or
services, as by the
hour, day, or week
 THE PHILIPPINE WAGE
SITUATION
SECTOR OR BASIC BASIC WAGE NEW BASIC NEW
INDUSRY WAGE INCREASE WAGE COLA MINIMUM
WAGE RATES
NON
AGRICULTUR
451. 15.00 466.0 15.00 481.00
E 00 0
AGRICULTUR
E
414. 15.00 429.0 15.00 444.00
(PLANTATIO 00 0
N AND NON
PLANTATION
)

PRIVATE
HOSPITALS
414. 15.00 429.0 15.00 444.00
WITH BED 00 0
CAPACITYOF
100 LESS
 THE PHILIPPINE WAGE SITUATION
SECTOR OR BASIC BASIC WAGE NEW NEW
INDUSTRY WAGE INCREASE BASIC COLA MINIMUM
WAGE WAGE
RATES

RETAIL/ 414. 15.00 429.0 15.00 444.00

SERVICE
ESTABLISHING 00 0
EMPLOYING 15
WORKERS OR
LESS
MANUFACTURI 414. 15.00 429.0 15.00 444.00
NG
ESTABLISHING 00 0
REGULARLY
EMPLOYING
LESS THAN 10
WORKERS
LABOR MIGRATION
AND THE OVERSEAS
FILIPINO WORKERS
• BECAUSE OF THE HIGH
UNEMPLOYMENT RATE IN
THE COUNTRY,
CURRENTLY AT 6.4%,
FILIPINOS HAVE STARTED
TO FIND WORK IN OTHER
COUNTRIES.
• MIGRATION IS ALSO
AFFECTED BY WAGE
GAPS AMONG
COUNTRIES
• WAGES ARE HIGHER
IN THE UNITED
STATES AND OTHER
MORE DEVELOPED
ECONOMIES
 • TEACHERS
• ENGINEERS
• DOCTORS
• NURSES
• OTHER HEALTH
PROFESSIONALS
• OTHER TECHNICAL
WORKERS
• CONSTRUCTION
WORKERS
• ENTERTAINERS
• CAREGIVERS
• THE LACK OF JOBS IN
THEIR NATIVE LAND
AND THE LOW-WAGES
FOR WHATEVER JOBS
ARE AVAILABLE ARE
THE MAIN REASONS
FILIPINOS, BOTH MALE
AND FEMALE, TRY TO
• THOSE UNWILLING TO
WORK AT THESE LOW-
WAGE LEVELS LOOK
FOR GREENER
PASTURES, WHICH
THEY FIND IN FOREIGN
COUNTRIES.