Thursday, December 11, 2008

A brief look at the jobs market, and something for 2009

"MANILA, Philippines - More than half a million overseas Filipino workers (OFWs) in at least six countries are at risk of losing their jobs, data from the Department of Labor and Employment (DoLE) indicated. An estimated 575,000 OFWs may soon join the ranks of the unemployed as the global credit crunch cuts demand for goods and services, prompting companies to reduce jobs just to stay afloat."

If the pinoys are in trouble then we Shwe's, are bound to be in a worse situation, could there be a huge reverse migration of overseas Myanmar workers (OMWs) going the same way as the Filipino?

Maybe not, (cause I don't wanna go home, haven't made my fortune yet!) and maybe its because that we are more willing to accept pay cuts and other stuff like that to stay afloat.

Well, I talked a bank executive (deputy CEO level) yesterday and he says that although 2009 is going to be a hard year, it will NOT be so bad, couse there are now so many smart investors who wil take advantage of this situation to snatch up real estate and under valued stocks. affiliated marketing
So this means that the economic boom coming right after this recession is going to be one for the history books.
So my advise would be to upgrade yourselves skills-wise so that you that you can compete for higher value jobs. There's going to be a lot of millionaires who will want to hired good help!

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