The Philippine response to bulk demand for foreign workers was to create a new office to manage foreign labor migration. A macro-economic consequence of this new development was the strong shift of the country’s income profile in relation to domestic productivity. Nearly 10 percent of incomes earned by Filipino factors contributes to world output (because they worked abroad), not to domestic output. This is why I view the OFW phenomenon as a perverse form of creating employment abroad. Those countries that have succeeded in developing a home based domestic employment program have done better than us.

Source: Philippine Star May 03, 2023 00:55 UTC