Applied Economics 8.pptx future reference for students

for future reference

1. The Impact of Labor Migration on the Prices of Basic Commodities

2. Many Filipinos are trying their luck outside of the country because of economic opportunities. 2

3. This actually affects our labor market, quality of living, commodity pricing, and the overall economy. 3

4. 4 Compare the prices of commodities and analyze the impact on consumers (ABM_AE12-Ie-h-6).

5. 5 Discuss the impacts of labor migration on Philippine households’ quality of life and commodity pricing. Analyze the impacts of migration on a country’s economy.

6. Migration does not necessarily mean moving to another country. It could be moving to a different city, province, or region. The teacher will present five to seven different situations that cause people to migrate. 6 Three Reasons Why

7. REASONs Why people migrate 7 To escape conflict or violence. To escape poverty. To offer more opportunities to children. Family reunification. For educational purposes. To establish own household. A family reason (other than getting married or starting a household). Wanted to own a home rather than rent.

8. The students will vote on which of those situations are the most common reasons for migration. The teacher will collect the votes and then discuss the questions below about the top three answers. 8 Three Reasons Why

9. 9 In your opinion, why were the top three answers chosen as the most common reasons people migrate?

10. 10 If the three situations were addressed and resolved, would people still migrate elsewhere? Why or why not?

11. 11 Are there other reasons, apart from the teacher’s examples, that you know of? Give at least three.

12. 12 How does migration impact the Philippine economy?

13. 13 Migration It is the movement of individuals from one place to another. Migrants are classified as one of the following: emigrants, immigrants, or refugees.

14. 14 Migration Different Kinds of Migrants Emigrants are people who leave one country or region to settle in another. Immigrants enter and settle in a foreign country or region, leaving a past home.

15. 15 Migration Different Kinds of Migrants Refugees are people who, because of a problem in their former home, have immigrated to a new country or region.

16. 16 Overseas Filipino Workers These are people from the Philippines who live and work in another country temporarily. Their remittances benefit their families and the economy.

17. 17 Overseas Filipino Workers Different Kinds of Workers White-collar workers are known as suit-and-tie workers who do professional, desk, managerial, and administrative work. Blue-collar workers are workers who engage in hard manual labor.

18. 18 Overseas Filipino Workers According to the 2019 Survey on Overseas Filipinos, the number of OFWs who served abroad between April and September 2019 was estimated to be at 2.2 million . The continuous increase in the number of workers leaving the country poses a concern on the country’s labor supply, as it can slow down economic growth.

19. 19 How important are blue-collar and white-collar workers to a country’s economy? 19

20. 20 Push and Pull Factors Push factors are negative reasons that cause people to leave their homes. Pull factors are positive aspects that attract people to move to another region or location.

21. 21 Push and Pull Factors Different Push Factors high crime rates and violence social inequality environmental degradation and natural calamity lack of access to basic necessities internal political disputes and war

22. 22 Push and Pull Factors Different Pull Factors low crime and violence social equality economic and job opportunities easy and affordable access to basic necessities

23. 23 Effects of Migration Decrease in National Poverty Incidence A 10% increase in per capita income leads to a 0.4% to 0.2% reduction of families living below the poverty line. However, most Filipinos that migrate come from more affluent regions.

24. 24 Effects of Migration Decrease in National Poverty Incidence The largest proportion of OFWs come from CALABARZON at 20.7%, while the region’s poverty incidence is 5.1%. The lowest proportion of OFWs is in MIMAROPA at 1.5%, while the region’s poverty incidence is 10.5%.

25. 25 Effects of Migration Changes in Labor Supply A drop in the labor supply encourages competition which can drive wages high ( ceteris paribus ). However, there’s a loss of potential labor that can contribute to the country’s productivity. It decreases labor participation among the remaining members of the household.

26. 26 Effects of Migration Positive and Negative Effects of Remittances If remittances are invested in creating businesses in the country, it can create job opportunities in the community. But, it is possible for families to be remittance-dependent, they may leave their jobs or not look for them.

27. 27 Effects of Migration Remittances on Commodity Pricing Remittances can impact commodity pricing through income-driven demand. An increase in household income can increase purchasing power, which drives demand upwards. It results in an increase in commodity pricing, ceteris paribus .

28. 28 True or False. Identify whether the following statement is true or false. Im migrants are people who leave a place to live in another.

29. 29 True or False. Identify whether the following statement is true or false. OFWs contribute to the country’s economy through their balikbayan boxes.

30. 30 True or False. Identify whether the following statement is true or false. Blue-collar workers are usually the ones doing manual labor.

31. 31 True or False. Identify whether the following statement is true or false. An emigrant is a person who joins a nation from another to build a new home.

32. 32 True or False. Identify whether the following statement is true or false. Remittances do not have an impact on the country’s commodity pricing.

33. 33 Labor migration is defined as the movement of individuals from their home location to another location. Emigration is leaving a home country or region, while immigration is arriving at another country or region. Refugees are a group of people who left their home country or region because of unfortunate circumstances such as war, famine, poverty, natural calamities, etc.

34. 34 Overseas Filipino Workers (OFW) are a group of people from the Philippines who live and work in another country on a temporary basis. Pull factors are those that attract a population to another region or location, while push factors are those that cause a population to leave home.

35. In general, is migration a good thing? Why or why not?