The document discusses the connection between poverty and progress. It summarizes that poverty is defined as a lack of resources and material goods, while progress refers to development and improvement towards a goal. The main causes of poverty are identified as low economic growth, weak employment, underdeveloped agriculture, high inflation, population growth, and natural disasters. Progress can be seen in transportation, education, and elevation of living standards. The laws governing wealth distribution, such as land rent, interest rates, wages, and property ownership influence the connection between poverty and economic progress. Progress aims to reduce poverty through policies addressing these laws.
3. Poverty Vs. Progress
The state of being poor; lack of
the means of providing material
needs or comforts.While
Development, advancement, or
improvement, as toward a goal.
4. Poverty is general
scarcity or dearth, or the
state of one who lacks a
certain amount of
material possessions or
money. It is a
multifaceted concept,
which includes social,
economic political
elements.
6. Poverty reduction
Poverty reduction is a major
goal and issue for many
international organizations
such as the United Nations
and the World Bank
7. Causes of Poverty
The main causes of poverty in the country include the
following:
low to moderate economic growth for the past 40 years;
low growth elasticity of poverty reduction;
weakness in employment generation and the quality of jobs
generated;
failure to fully develop the agriculture sector;
8. Causes of Poverty
high inflation during crisis periods;
high levels of population growth;
high and persistent levels of inequality (incomes and
assets), which dampen the positive impacts of
economic expansion; and
recurrent shocks and exposure to risks such as
economic crisis, conflicts, natural disasters, and
"environmental poverty."
18. Other Causes of Poverty
Gambling
Corruptions
Sickness
Over Population
19. Inequality Employment
TOP PRIORITY. Economic planning secretary
Arsenio M. Balisacan says the top priority
remains to be significantly reducing poverty
through “massive generation of quality
employment.”
21. Employment
“Employment is a basic right and full
employment should be the primary
objective of economic policy… Nobody
willing and ready to work for just a wage
should be without a job. Society must be
able to provide jobs for all.
22. An unemployed person is someone who is not working, but is
seeking employment.
An underemployed person is someone who is only working part
time and wants to be full time and also someone who is over
qualified for the job he is in ( i.e, a rocket scientist working as a
cab driver). In other words working at less than his full capacity
or ability.. Inadequate Skills + Insufficient Jobs = High
Unemployment/Underemployment
Unemployed and
underemployed
23. Poverty Reduction and Empowerment of the Poor and
Vulnerable
To translate the gains from good
governance into direct,
immediate and substantial
benefits for the poor.
24. Poverty Reduction and Empowerment of the
Poor and Vulnerable
Social Protection and Welfare
Education
Healthcare
Affordable Housing
Agrarian Reform
25. Progress
The elevation of status in life from poor to
rich from rich to millionaires, from
millionaires to billionaires.
27. Progress in transportation
Transportation
1 Land
transportation
1.1 Roads
1.2 Highways
1.3 Expressways
1.4 Railways
Water transportation
2 River ferries
2.3 Ferry services
2.4 Ports and harbors
3 Air transportation
3.1 Airports
3.2 Airlines
28. Progress in Education
1. Line education
2. Enhancement of Curriculum both Private and
Public
3. Many Courses to be Offered
29. Connection
The connection between progress and poverty
lie in these laws governing the distribution
of wealth:
a. Law of rent
b. Law of interest
c. Law of wages
d. Law of distribution
30. Law of Rent
The Law of Rent states that the rent of a land site is equal to the
economic advantage obtained by using the site in its most
productive use, relative to the advantage obtained by using
marginal (i.e., the best rent-free) land for the same purpose, given
the same inputs of labor and capital[2]
Whatever the production goes to land owner must necessarily
determine what is left over from labor and capital.
31. Law of interest
Merchandise interest - 20%
Bank interest – deposited and loan
interest plus the penalty
Housing- Principal plus interest plus
penalty
32. Law of wages
=Mean a compensation paid to
someone hired render services
Wages for manual labor
Salary for professionals
33. Law of wages
The Iron Law of Wages is a proposed
law of economics that asserts that real
wages always tend, in the long run,
toward the minimum wage necessary
to sustain the life of the worker
34. Law of distribution of wealth
Property
• Land – includes all natural
resources
• Labor- the effect of labor saving
improvement will be to extend the
demand of the land.
35. Labor Policy
Labor Policy in the Philippines is specified mainly by the country’s
through other labor laws. They cover 38 million Filipinos that belong to
the labor force and to some extent, also the overseas workers. They aim to
address Filipino workers’ legal rights and their limitations with regard to
the hiring process, working conditions, benefits, policymaking on labor
within the company, activities, and relations with employers.
36. Labor Policy
The Labor Code and other legislated labor laws are
implemented primarily by government agencies, namely,
Department of Labor and Employment and Philippine
Overseas Employment Agency. Non-government entities,
such as the trade unions and employers, also play a role in
the country’s labor policy by actively ensuring their proper
implementation and on the political level, by lobbying for
development or modification of work-related laws.
37. Law of distribution of wealth
Land with settlers- settlers will organize an
association and will seek the help of the
Gov’t with the land owner with MOA
agreed upon loaning thru CMP or known as
Community Mortgaged Program. Acquired
land thru CMP can be apply as a non-
taxable or exempted from the capital gain .
38. Law of distribution of wealth
Land intended for Subdivision will apply land
conversion to LRA/ Bureau of lands from agricultural
land to residential. Land owner shall pay the property tax
as a whole until the residential owner has fully paid.
Owners should pay the capital gain tax to the gov’t upon
transferring the title to the another buyer
39. Connection
The connection between progress and poverty lie in these
laws governing the distribution of wealth:
a. Law of rent
b. Law of interest
c. Law of wages
d. Law of distribution
40. Law of Rent
Whatever the production goes to
land owner must necessarily
determine what is left over from
labor and capital.
41. Law of interest
Accrued interest- A term used to describe
an accrual accounting method
when interest that is either payable or
receivable has been recognized, but not
yet paid or received.
42. Law of wages
=Mean a compensation paid to someone hired
render services
Wages for manual labor
Salary for professionals
43. Law of wages
Labor Law-Body of rulings pertaining to working people an
their organizations, including trade unions and
employee unions, enforced by government agencies. Ther
are two categories of labor laws; collective and individual.
Collective labor law involves relationships between the uni
the employer and the employee. Individual labor law
involves concerns for employees' rights in the workplace.
Labor laws first became standard during the Industrial
Revolution. Also called employment law.
44. Law of distribution of wealth
Property
• Land – includes all natural
resources
• Labor- the effect of labor
saving improvement will be to
extend the demand of the
land.
45. Law of distribution of wealth
Land with settlers- settlers will organize an association and will
seek the help of the Gov’t with the land owner with MOA
agreed upon loaning thru CMP or known as Community
Mortgaged Program. Acquired land thru CMP can be apply as a
non-taxable or exempted from the capital gain .
Land intended for Subdivision will apply land conversion to LRA/
Beauru of lands from agricultural land to residential. Land owner
shall pay the property tax as a whole until the residential owner
has fully paid.
Owners should pay the capital gain tax to the gov’t upon
transferring the title to the another buyer.