- Cost Constraints: Many businesses, especially small and medium enterprises (SMEs), may struggle to afford significant salary increases due to tight profit margins and financial constraints. Increasing salaries without corresponding increases in revenue could lead to higher operating costs and potential layoffs or business closures.
- Inflationary Pressures: Salary increases without corresponding improvements in productivity or profitability can contribute to inflationary pressures. This can erode the purchasing power of consumers, especially those on fixed incomes, and exacerbate socio-economic inequalities. NEDA reported that salary increase will affect inflation.
- Lack of Productivity Gains: In a market with limited competition, businesses may not face sufficient pressure to improve efficiency, invest in innovation, or enhance productivity. Without productivity gains, increasing salaries could strain company resources without yielding commensurate benefits.
- Skill Mismatch: Simply raising salaries may not address underlying issues related to skills gaps or mismatches between the qualifications of workers and the demands of available jobs. Investing in education, training, and workforce development programs may be more effective in addressing these challenges.
- Competitiveness Concerns: In industries where international competition is a factor, unilaterally increasing salaries without corresponding improvements in productivity or quality could erode the competitiveness of Philippine businesses in global markets. Our country should focus reforms in the economic policies, specialy in opening our country to foreign investors who can bring job opportunities and higher salaries here.
Wednesday, May 01, 2024
Salary increase is not a solution, here's why
Wednesday, December 21, 2022
Earthquake preparedness
Introduction
Earthquakes can happen anywhere, at any time. It's important to be prepared in case of an earthquake, and that's why we've put together this comprehensive guide on how to be earthquake prepared.
Inside, you'll find tips on how to create an emergency kit, what to do during and after an earthquake, and how to protect your family and property. So, whether you're a first-time homeowner or a seasoned earthquake veteran, make sure to read through this guide and put our tips into practice. You never know when the next big earthquake will hit.
You're probably wondering how to be earthquake prepared. And that's a good question—because earthquakes can happen anywhere, at any time.
In this comprehensive guide, we'll cover everything you need to know about being earthquake prepared. From creating a disaster plan to stocking up on supplies, we'll walk you through the steps you need to take to make sure you and your loved ones are safe during an earthquake.
The Science Behind Earthquakes
earthquakes happen when two plates of the Earth's crust rub against each other. The force of the movement creates an earthquake.
The Earth's plates are always moving. But sometimes they move too quickly and that's when we get earthquakes. The force of the two plates rubbing against each other creates an earthquake.
Most earthquakes happen along the Ring of Fire. The Ring of Fire is a horseshoe-shaped area that runs around the Pacific Ocean. It's where most of the Earth's earthquakes happen.
Earthquake Preparedness Basics
The best way to protect yourself and your loved ones from an earthquake is to be prepared. That means having a plan and being ready to take action when the shaking starts.
There are some basic preparedness steps that everyone should take, regardless of where they live:
- Know the evacuation routes from your home, work and school.
- If you live in an earthquake-prone area, have a disaster kit packed and ready to go.
- Make sure you have a fire extinguisher and First Aid kit in your home.
- Practice drop, cover and hold on. When an earthquake starts, drop to the ground, take cover under a sturdy table or desk, and hold on until the shaking stops.
What to Do During an Earthquake
If you're indoors when the earthquake hits, the first thing you should do is drop to the ground, take cover under a sturdy piece of furniture, and hold on to it. If there isn't a piece of furniture nearby that you can use for cover, sit against an interior wall and protect your head and neck with your hands and arms.
If you're outdoors, find an open area away from buildings, trees, power lines, and anything else that could fall on you. Once you're in an open area, drop to the ground and assume the fetal position to protect your vital organs.
If you're in a moving vehicle, pull over to the side of the road and stop. Once you've stopped, put your parking brake on and stay in the vehicle until the shaking stops.
What to Do After an Earthquake
After an earthquake, it’s important that you check for injuries and get to a safe location. If you are indoors, stay there until the shaking stops. Drop down to the ground, take cover under a sturdy table or desk, and hold on to it until the shaking stops. If there is no table or desk nearby, sit against an interior wall and protect your head and neck with your arms.
If you are outdoors, stay in the open away from buildings, trees, streetlights, and power lines. Once in the open, drop down to the ground and stay there until the shaking stops.
If you are in a moving vehicle, stop as quickly as possible and stay in the vehicle. Do not attempt to drive over a bridge or through an area with downed power lines or damaged buildings.
Conclusion
To sum up, being earthquake prepared means having a plan and being ready for whatever comes your way. It's important to have supplies on hand, know how to turn off utilities, and be aware of potential hazards.
Although it's impossible to predict when or where an earthquake will strike, by being prepared, you can minimize the risk of injury and damage.