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POVERTY

A DARK SPOT IN HUMANITY

DEFINITION OF TERMS 5 WAYS TO DEFINE POVERTY:

ABSOLUTE POVERTYThe World Bank defines extreme poverty as living on less than U.S$1.25(PPP)/day.It is also possible to establish an international poverty line MODERATE POVERTYWhich PPP/day is less then $2 a day. RELATIVE POVERTYIt views poverty as socially defined and dependent on social context, hence relative poverty is a measure of inequality.The poorbeing defined asthose who are deprived from the benefits of a modern economy. ULTRA POVERTYA term apparently coined by Michel Lipton, connotes being amongst poorest of the poor in low income countries. Lipton defined Ultra poverty as receiving less than 80% minimum caloric in take whilst spending more than 80% of income in food. VOLUNTARY POVERTYAmong some individuals, such as ascetics, poverty is considered a necessary or desirable condition, which embraced in order to reach certain spiritual, moral, or intellectual states.

DEFINITION OF TERMS

POVERTY INCIDENCEIt is the number of households having an income below the poverty threshold , to meet basic food needs and non-food needs such as clothing, housing, transportation, health, and education expenses

SUBSISTENCE INCIDENCE It is the minimum income required to meet basic food needs and satisfy the nutritional requirements set by the Food and Nutrition Research Institute (FNRI) to ensure that one remains economically and socially productiveIt is used to measure extreme or subsistence poverty

UNEMPLOYMENTCondition of a person who is able to work, is actively seeking work, but is unable to find any. Statistics on Unemployment are collected and analyzed by government labour offices in most in countries considered an important indicator of economic health.

UNDEREMPLOYME-NTAn employment situation that is insufficient in some important way for the worker, relative to a standard.

CAUSES OF POVERTY

EFFECTS OF POVERTY

WORLD POVERTY STATISTICAL UPDATESTotal Percentage of World Population that lives on less than $2.50 a day 50%Total number of people that live on less than $2.50 a day 3 BillionTotal Percentage of People that live on less than $1.25 a day 1 BillionTotal percent of World Populations that live where income differentials are widening 80%Total Percentage of World Income the richest 20% account for 75%Total Number of children that die each day due to Poverty 22,000Total Number of People in Developing Countries with Inadequate Access to Water 1.1 billion Total Number of School Days lost to Water Related Illness 443 million school days

Year Ratio of People at Poverty to Wealthy Level 2013 88 to 1

STATISTICAL UPDATES ON POVERTY ASIA

The extreme poverty rate declined from 54.7% in 1990 to 20.7% in 2010, benefiting 745 million Asians. Asias $1.25 poverty rate would decline to 5.8% in 2020, 2.5% in 2025, and 1.4% in 2030, meaning that extreme poverty could be eradicated (below 3% poverty rate) by 2025. Adopting the $1.51 poverty line raises Asias poverty rate in 2010 by 9.8 percentage points from 20.7% to 30.5%. This increases the number of extreme poor by 343.20 millionThe vulnerability-adjusted poverty line adds about 11.9 percentage points to Asias poverty rate in 2010, adding 417.99 million to those considered extremely poor.

STATISTICAL UPDATES ON POVERTY PHILIPPINES

Poverty incidence among Filipinos in the first semester of 2014 was estimated at 25.8 percent based on the 2014 APIS conducted in July 2014. During the same period in 2013, poverty incidence among Filipinos was recorded at 24.6 percentSubsistence incidence among Filipinos, or the proportion of Filipinos whose incomes fall below the food threshold, was estimated at 10.5 percent in the first semester of 2014.This is at the same level the first half of 2013.

POVERTY AND UNEMPLOYMENTUnemployment and poverty are the two major challenges that are facing the world economy at present. Unemployment leads to financial crisis and reduces the overall purchasing capacity of a nation. This in turn results in poverty followed by increasing burden of debt

It is true that unemployment and poverty are mostly common in the less developed economies. However, due to the global economic recessions, the developed economies are also facing these challenges in the recent times. Mass migration from rural to urban regions is adding to the problems of unemployment and poverty.

POVERTY AND UNEMPLOYMENTPoverty and unemployment are two such things using by which the politician dream to win in vote. It is applicable in districts as well as in the countries- everywhere the situation is the same. Keeping the two problems as political weapons, every politician is busy in pocketing benefits using it. For this reason, terrorist, human-bombers, unsocial activities are being created. As a result, the world now is in target by the terrorists

SOURCES OF UNEMPLOYMENT CYCLICAL OR KEYNESIAN UNEMPLOYMENT, ALSO KNOWN AS DEMAND DEFICIENT UNEMPLOYMENT, OCCURS WHEN THERE IS NOT ENOUGH AGGREGATE DEMAND IN THEECONOMY.

STRUCTURAL UNEMPLOYMENT DUE TO SOME DYNAMIC CHANGES IN A STRUCTURAL ORGANIZATION

FRICTIONAL UNEMPLOYMENT DUE TO TEMPORARY UNEMPLOYMENT OF WORKERS.

CASES OF HIDDEN UNEMPLOYMENT WHERE WORKERS RESTRAIN THEMSELVES FROM WORKING DUE TO ABSENCE OF APPROPRIATE FACILITIES

LONG-TERM UNEMPLOYMENT (SOCIAL EXCLUSION)

NATURAL RATE OF UNEMPLOYMENT OR SUMMATION OF FRICTIONAL AND STRUCTURAL UNEMPLOYMENT

WORLD UNEMPLOYMENT RATES DUE TO POVERTY

WORLD UNEMPLOYMENT RATES DUE TO POVERTY

WORLD UNEMPLOYMENT RATES DUE TO POVERTYYEARTOTAL UNEMPLOYMENT RATEMALE UNEMPLOYMENT RATEFEMALE UNEMPLOYMENT RATEYOUTH UNEMPLOYMENT RATEMALE YOUTH UNEMPLOYMENT RATEFEMALE YOUTH UNEMPLOYMENT RATEADULT UNEMPLOYMENT RATEMALE ADULT UNEMPLOYMENT RATEFEMALE ADULT UNEMPLOYMENT RATE

20106.1 5.8 6.5 12.9 12.6 13.3 4.6 4.3 5.0 20116.0 5.7 6.4 12.7 12.4 13.1 4.5 4.2 4.9 20126.0 5.7 6.4 12.9 12.6 13.3 4.5 4.2 4.9 20136.0 5.8 6.4 13.1 12.8 13.5 4.6 4.3 5.0 20146.1 5.8 6.5 13.2 12.9 13.6 4.7 4.4 5.1

ASIAS UNEMPLOYMENT RATES DUE TO POVERTY (2014)AreaTOTAL UNEMPLOYMENT RATEMALE UNEMPLOYMENT RATEFEMALE UNEMPLOYMENT RATEYOUTH UNEMPLOYMENT RATEMALE YOUTH UNEMPLOYMENT RATEFEMALE YOUTH UNEMPLOYMENT RATEADULT UNEMPLOYMENT RATEMALE ADULT UNEMPLOYMENT RATEFEMALE ADULT UNEMPLOYMENT RATE

South Asia4.0 3.7 4.8 10.4 10.1 11.0 2.5 2.3 3.3 East Asia4.7 5.3 3.8 10.5 12.1 8.5 3.7 4.3 3.1 South-East Asia and the Pacific4.3 4.1 4.4 13.3 13.1 13.5 2.3 2.2 2.5

PHILIPPINES UNEMPLOYMENT RATE

Unemployment Rate in Philippines decreased to 6 percent in the fourth quarter of 2014 from 6.70 percent in the third quarter of 2014. Unemployment Rate in Philippines is reported by the National Statistics Office of Philippines.

PHILIPPINES UNEMPLOYMENT RATE

Among unemployed people, 65.2 percent were males. The age group 15 to 24 years old accounted for 49.4 percent of total unemployed, while the age group 25 to 34 accounted for 30.2 percent.

By educational attainment, 21.6 percent were college graduates, 13.5 percent were college undergraduates, and 33.3 percent were high school graduates.

Among regions, the National Capital Region (9.8 percent), Central Luzon (7.4 percent), and Calabarzon (7.1 percent) showed unemployment rates higher than the national figure (6.0 percent).

TOP 20 COUNTRIES WITH HIGHEST UNEMPLOYMENT RATES DUE TO POVERTY

TOP 20 COUNTRIES WITH HIGHEST UNEMPLOYMENT RATES DUE TO POVERTY

EMPLOYMENT INSTABILITY INREGIONS OF THE PHILIPPINESPhilippine regions that boast relatively low levels of unemployment may also suffer from relatively high incidences of poverty. And vice versa regions with relatively high rates of unemployment may enjoy relatively low levels of poverty.

TOP 5 REGIONSNCR10.3CALABARZON9.23. Central Luzon8.74. Davao Region6.95. Western Visayas6.9BOTTOM 5 REGIONSCagayan Valley3.2Zamboanga Peninsula3.53. MIMAROPA4.1SOCCSKSARGEN4.45. CAR4.5

REGIONAL STATISTICS ON UNEMPLOYMENT: 2013

- Largely a problem of the youth (48.5% of unemployed in 2013)- Rate more than twice the national rate- Educated workforce (college graduates at around one-fifth of the unemployed)

- More serious than unemployment problem (1 out of 5 employed is underemployed; its magnitude is 2x the unemployed)- Highly correlated with poverty- Variation most pronounced across regions (spatial)

TOP 5 REGIONS1. Bicol Region37.3Caraga27.13. Northern Mindanao25.74. Eastern Visayas25.15. MIMAROPA23.4BOTTOM 5 REGIONSNCR12.1ARMM12.43. Cagayan Valley12.94. Ilocos Region20.05. Central Luzon14.5

REGIONAL STATISTICS ON UNDEREMPLOYMENT: 2013

GLOBAL YOUTH UNEMPLOYMENT RATE RISINGOne of the reports major findings is the worldwide unemployment rate among 15 to 24-year-olds of 13 percent, or 74 million youths, is set to rise.William Reese, CEO of the International Youth Foundation, thinks that figure is significantly underestimated.Im not surprised by that number, because it is probably much higher than they state. Weve seen reports of over 70 million young people unemployed, but the real number is probably six or seven times that, Reese

Rising unemployment and sluggish economic growth is predicted to further widen income and wealth inequality worldwide; the richest 10 percent of the world will hold 30 to 40 percent of total income, while the poorest 10 percent will earn as little as two percent.

FINSubmitted by :Bacabac, CatherineBuhayan, CarolynPabelico, Princess EricaReyes, SarhaSalarda, JessaSerna, CristinaMLS 2-D

People must be united across, both issue groups join hands in its understanding on how this economic system destroys and impoverishes. The globalization of this struggle is fundamental, requiring degree solidarity and internationalism unprecedented in world history. This global economic system feeds on social divisiveness between and within countries. A major thrust is required which brings together social movements in all major regions of the world in this issue and commitment to the elimination of poverty & unemployment and a lasting world peace.