Power Rate Increase in the Philipines

First of all, the electricity bill is very important for most Filipinos. Electricity is an indispensable item of life. In my own opinion, the Philippine everyday questioner selected this subject as the banner title story. We are all paying electric bills. Even the rich do not seem to understand why they ran P4.15 per kWh. What I am worried most about is that the rise in electricity prices has a big impact on our unfortunate civic lives.

In actual observations, Yang (2006) studied the influence of the Philippine peso on the increase in immigrant income during the Asian financial crisis. As positive currency exchange rates increased migrant workers' remittances, this has had a positive impact on income. As a result, domestic human capital accumulation will increase (especially for children), child labor will decrease. Yang (2006) also pointed out that these large and exogenous income growth in the form of remittances has little impact on household consumption. Instead, they are used for various investments, such as reducing child labor, improving children's education, investing in private companies.

Money transfer helps to raise interest rates and increase investment. This depends on the region of the remittance destination and the economic situation, but it is a personal style. Studies have shown that mothers receiving remittance use these funds for family promotion, not personal and unrelated expenses. Instead, you can promote the idle state between recipients. When remittance funds meet basic needs, recipients often quit their jobs. This directly affects labor supply and economic production directly.

Although per capita income increased, actual purchasing power declined for 30 years. The rise in inflation, the rise in the unemployment rate, taxation, and the uncertainty of the economy are also reasons why customers' economic conditions have declined. The purchasing power of some people is increasing due to trade and foreign aid, but the situation of limited people is getting worse. Since consumption pattern is various base of profit model, purchase pattern is different. Food, housing, transportation have the most income. As household income increases, the percentage of food expenditure decreases, the cost for housing remains the same, and the percent used to be spent on most other categories and saving categories. Eating habits change as income increases. Product storage or product shortage may again lead to changes in demand