The pink, sparkly dress of the Barbie doll has been veiling something much less glamorous—the loss of thousands of jobs when the company that manufactured the toy in the Philippines closed shop. It is now a blurry episode for most Filipinos, but it may still be fresh in the memory of the workers, mostly women,...
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In 2022, crisis in incomes and jobs pummeled labor sector
Despite the economy’s recovery from the recession induced by the pandemic, workers faced a worsening crisis in incomes and jobs in 2022. Thus, while businesses were slowly recuperating, formal and informal workers continued bleeding from wage and income erosion, job losses, and a fall in employment quality. Inflation climbed steadily for the whole year, from...