This is one of those times when I am not entirely happy being right. In my earlier post titled “The Good, the Bad, and the Ugly,” I emphasized the general observation that while the Philippines is getting richer as a country, Filipinos in general are getting poorer.
Recent statistics from the National Statistics Office (NSO) as well as from the National Statistical Coordination Board (NSCB) confirmed this depressing truth. Using recent statistics from the NSO, one can see that while the Gross National Product (GNP) — any modern nation’s barometer of progress — continues to go up, family income as measured through Family Income and Expenditure Survey (FIES) showed that Filipino families in general have been earning less for the past four years. (more…)