The Prosperity of the Philippines:
Lies in attracting and retaining capital
that circulates in a large circle of wealth.
> Infrastructure that supports trade.
> Effective employee unions that temper the greed of employers and raise pay.
> Well-educated and dedicated population that create start-up business ventures which become large enterprises that employ thousands.
> Wealthy middle-class with purchasing power AND buys and supports Philippine made goods.
"Labor should be entitled to good pay, to its share of the wealth it helps produce.
Unless there is a prosperous middle-class there can be no mass-markets and mass-sales for merchants or manufacturers- and there will be precious little prosperity for everyone."
-J.Paul Getty
Philippine consumerism should be returned to them through high wages. But we prefer "imported products" thus the profits from these imported products leave the country instead of returning to the average Juan by the local firm he/she works in.
OFWs rake in money from overseas creating a middle class with purchasing power, who saves money in banks, which banks lend to companies who build bridges, highways and infrastructure.
