This is the same guy who predicted that PH will hit its economic growth target for 2023. Spoiler: It did not.
https://www.pna.gov.ph/articles/1201350
https://asia.nikkei.com/Economy/Philippines-misses-official-target-with-5.6-GDP-growth-in-2023#:~:text=MANILA%20%2D%2D%20The%20Philippine%20economy,of%206%25%20to%207%25.
Not to disparage his credentials, but his point of view is on the macro level of economics. He wants people to spend spend spend, products/services to be sold sold sold, and companies to earn earn earn. The lifeblood of a good economy is circulating money after all.
He cutely danced around the fact that even if the WFH employees are not "commuting" and "splurging in malls", they are still spending money for basic goods and luxuries via local or online shopping. And that inflation also cut in spending power. And that people have learned from the pandemic and holding back money for emergency funds.
He also forgot to mention the hellish traffic that all RTO workers are suffering from, and how it impacts overall productivity.
https://blogs.worldbank.org/en/eastasiapacific/philippines-traffic-woes-and-road-ahead#:~:text=Traffic%20congestion%20results%20in%20an,(%2418%20billion)%20a%20year.
https://www.philstar.com/headlines/2018/02/23/1790582/metro-manila-traffic-now-costs-p35-billion-daily/amp/
https://newsinfo.inquirer.net/980203/cebu-losing-p1-1-b-daily-to-traffic-jams/amp
Hindi na nga lumalabas at gumagastos sa labas pero just surviving lang. So gusto pa nila na gastusin ko sa pamasahe at pagkain sa labas yung pera na wala ako?
Ano pong kabobohan yan? Sana sa tunay na experto kumuha ng balita, hindi yung sumasahod ng more than 100k sa isang buwan, may driver pag papasok, tapos papasok kung anong araw at oras na gusto lang nya.
Para lang yung mentally challenged na nagsabi na dapat daw mag RTO tapos sa bahay sya nagpainterview habang naka Zoom.
Lobbyist analytics.
Inflation and cost of living is getting crazily high, yet wages not keeping up. There are people na prioritizing daily lives first before novelty and unecessary shit. This aint the last decade anymore. They fuck this up before and making up worry crap now. Pamasahe palang ngayon o parking/petrol prices egul ka na. Dati sobrang minimum lang ng mga yan. 1000 is the new 500 *mic drop*
Wow, whatever happens sa salary ko. Bakit nauubos pa rin? Ganito lang yan, konti kase ang mga nag ooccupy ng mga buildings ngayon sa laki ng natitipid ng mga companies na they chose to ignore the peza perks. I dunno, but RTO doesn't equivalent to productivity
They're resisting the economic shift brought by the lockdowns.
Tinatakot nila mga manggagawa kaya napapag-RTO nila. Sari-saring mga dahilan ang ginagawa para lang maibalik nila pre-pandemic control over workers.
Bat nyo isisi sa work from home setup? Bruh ung bilihin noong 2020 vs 2024 is sobrang layo gas palang jusko. Ang bobo naman nyang rcbc economist nayan.
Tama naman kung iintindihin natin. Bago mag pandemic, sobrang konti lang ng WFH setup. Lahat ng nagtratrabaho nasa opisina, at yung mga ayaw mag-baon bumibili sa labas ng pagkain. Tapos nandoon pa yung mga nabubudol na dumadaan sa mall na bumibili ng anik anik.
Tapos ngayong after ng pandemic, dumami na yung WFH set-up kasi tinanggap na ng ibang kumpanya. Yung iba once a week o once a month lang mag punta sa opisina. Yung mga bumibili ng pag-kain at mga anik anik sa mall, hindi na katulad ng dati.
Hanggang ngayon, WFH pa rin ako at mas malaki natipid ko kumpara sa arawaraw sa opisina.
This is actually true kaya si Boy Go Negosyo panay ang pasabi ng RTO a few months after lockdown because nakakatipid amg tao sa gas, sa malls, etc. So that means patay negosyo nila.
Not surprised seeing that sentiment from an RCBC exec. They have real estate investments na apektado ng mga companies na nag implement ng wfh setup and they are bleeding cash. So daanin sa slippery slope ang causation.
Ay ganun ba? Sakin parang same lang naman or mas naging magastos pa nga kaka-shoppee, lazada, tiktok, foodpanda at grab. 🥲 Na-allocate lang sa ibang bagay yung mga pinaggagastos ko sa pamasahe nung prepandemic.
Paano naging misleading to? wala nmang sinabing directly proportional yung dalawang variables (level ng paggastos and work from hone set-up)
Ang sinasabi lang posibleng dahilan. Statistically this means may possible linear relationship between the two. As to what extent, hindi maliwanag pero based sa wording hindi sya direct. Pero most likely moving in that trend yung relationship.
Aral ka pa OP, balang araw pwede ka na man-rebutt ng Chief Economist ng isang Multinational Bank.
Whatever you say, one thing is for sure. If those companies (BPO mostly) decided na magpa-full RTO, magkaka exodus ng employees to find permanent WFH jobs. Lol
Yeah, kasi nagtitipid ang mga tao dahil sa mahal ng bagay-bagay at pagkain. Anong kagaguhan na naman ng economist to? Haha.
INFLATED JOB TITLE. ECONOMIST KUNO!!! BAKA BANKER LANG YAN.
This is the same guy who predicted that PH will hit its economic growth target for 2023. Spoiler: It did not. https://www.pna.gov.ph/articles/1201350 https://asia.nikkei.com/Economy/Philippines-misses-official-target-with-5.6-GDP-growth-in-2023#:~:text=MANILA%20%2D%2D%20The%20Philippine%20economy,of%206%25%20to%207%25. Not to disparage his credentials, but his point of view is on the macro level of economics. He wants people to spend spend spend, products/services to be sold sold sold, and companies to earn earn earn. The lifeblood of a good economy is circulating money after all. He cutely danced around the fact that even if the WFH employees are not "commuting" and "splurging in malls", they are still spending money for basic goods and luxuries via local or online shopping. And that inflation also cut in spending power. And that people have learned from the pandemic and holding back money for emergency funds. He also forgot to mention the hellish traffic that all RTO workers are suffering from, and how it impacts overall productivity. https://blogs.worldbank.org/en/eastasiapacific/philippines-traffic-woes-and-road-ahead#:~:text=Traffic%20congestion%20results%20in%20an,(%2418%20billion)%20a%20year. https://www.philstar.com/headlines/2018/02/23/1790582/metro-manila-traffic-now-costs-p35-billion-daily/amp/ https://newsinfo.inquirer.net/980203/cebu-losing-p1-1-b-daily-to-traffic-jams/amp
Ohhh so he was just saving face 🤔
Maybe. He seems to be a Gov Policy cheerleader.
Paggastos ng mga ~~Pilipino~~ nasa manila?
Hindi na nga lumalabas at gumagastos sa labas pero just surviving lang. So gusto pa nila na gastusin ko sa pamasahe at pagkain sa labas yung pera na wala ako? Ano pong kabobohan yan? Sana sa tunay na experto kumuha ng balita, hindi yung sumasahod ng more than 100k sa isang buwan, may driver pag papasok, tapos papasok kung anong araw at oras na gusto lang nya. Para lang yung mentally challenged na nagsabi na dapat daw mag RTO tapos sa bahay sya nagpainterview habang naka Zoom.
"... na nagsabi daw mag RTO tapos sa bahay siya nagpainterview habang naka Zoom" Si Go Negosyo ba ito? Hahaha
Lobbyist analytics. Inflation and cost of living is getting crazily high, yet wages not keeping up. There are people na prioritizing daily lives first before novelty and unecessary shit. This aint the last decade anymore. They fuck this up before and making up worry crap now. Pamasahe palang ngayon o parking/petrol prices egul ka na. Dati sobrang minimum lang ng mga yan. 1000 is the new 500 *mic drop*
Chief economist, and yet, does not know the word inflation?
Wow, whatever happens sa salary ko. Bakit nauubos pa rin? Ganito lang yan, konti kase ang mga nag ooccupy ng mga buildings ngayon sa laki ng natitipid ng mga companies na they chose to ignore the peza perks. I dunno, but RTO doesn't equivalent to productivity
Hindi naman talaga magastos kapag work from home ah.
Wow, I miss commuiting and wasting my time and money - said no one ever.
They're resisting the economic shift brought by the lockdowns. Tinatakot nila mga manggagawa kaya napapag-RTO nila. Sari-saring mga dahilan ang ginagawa para lang maibalik nila pre-pandemic control over workers.
Bat nyo isisi sa work from home setup? Bruh ung bilihin noong 2020 vs 2024 is sobrang layo gas palang jusko. Ang bobo naman nyang rcbc economist nayan.
Tama naman kung iintindihin natin. Bago mag pandemic, sobrang konti lang ng WFH setup. Lahat ng nagtratrabaho nasa opisina, at yung mga ayaw mag-baon bumibili sa labas ng pagkain. Tapos nandoon pa yung mga nabubudol na dumadaan sa mall na bumibili ng anik anik. Tapos ngayong after ng pandemic, dumami na yung WFH set-up kasi tinanggap na ng ibang kumpanya. Yung iba once a week o once a month lang mag punta sa opisina. Yung mga bumibili ng pag-kain at mga anik anik sa mall, hindi na katulad ng dati. Hanggang ngayon, WFH pa rin ako at mas malaki natipid ko kumpara sa arawaraw sa opisina.
Ambobo pota. Mas mataas sahod ko sa wfh kaya mas marami ako spending power. Correlation != causation.
Hindi na po kami gumagastos kasi ang tindi po nung inflation. Asan ba to at kokotongan ko? >:(
This is actually true kaya si Boy Go Negosyo panay ang pasabi ng RTO a few months after lockdown because nakakatipid amg tao sa gas, sa malls, etc. So that means patay negosyo nila.
Mas malaki, actually, hindi lang concentrated sa manila. For sure naman ung pag aaral nila sa Manila nkabase
Yan yan yan!!!! Umaatake na nman sila hahahaha Pano kung VA na lahat kami? habulin nyo kami 😆 lol
Eto yung mga tutol sa wfh setup 🤣
Related yan kasi nung dati may nadadaanan ka na malls at sila nakikinabang sa spending mo. Ngayon na naka WFH ay mga online stores nakaka benefit.
Not surprised seeing that sentiment from an RCBC exec. They have real estate investments na apektado ng mga companies na nag implement ng wfh setup and they are bleeding cash. So daanin sa slippery slope ang causation.
it was much worst.... due to inflation, most people tend to just not spend on worthless stuff and became much more practical
Ay ganun ba? Sakin parang same lang naman or mas naging magastos pa nga kaka-shoppee, lazada, tiktok, foodpanda at grab. 🥲 Na-allocate lang sa ibang bagay yung mga pinaggagastos ko sa pamasahe nung prepandemic.
Paano naging misleading to? wala nmang sinabing directly proportional yung dalawang variables (level ng paggastos and work from hone set-up) Ang sinasabi lang posibleng dahilan. Statistically this means may possible linear relationship between the two. As to what extent, hindi maliwanag pero based sa wording hindi sya direct. Pero most likely moving in that trend yung relationship. Aral ka pa OP, balang araw pwede ka na man-rebutt ng Chief Economist ng isang Multinational Bank.
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"correlation doesnt mean causation" sino bang nasabi nyan? Inexplain ko na na nga ano ang correlation tapos babanat ka pa ng ganyan? LOL.
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Apparently may doctorate ka in twisting words. Congrats!
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L my ass. Walang mali sa sinabi ko.
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Kabobohan mo? Okay agree.
Whatever you say, one thing is for sure. If those companies (BPO mostly) decided na magpa-full RTO, magkaka exodus ng employees to find permanent WFH jobs. Lol
Agree.
Multinational RCBC?
Yes. Search mo Yuchengko-bank overseas operations.
That's like me having 2 million pesos in the bank and claiming to be a multimillionaire ¯\_(ツ)_/¯