The Effects of Emigration From the Philippines | CFR Education | YouTubeToText
YouTube Transcript: The Effects of Emigration From the Philippines
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Emigration is a powerful force in the Philippines.
Millions of Filipinos have moved away.
As of 2015, about 10% of the population was living outside of the country.
This massive exodus has major consequences
not only for those who leave, but also for those left behind.
Emigration directly shapes the Philippine economy,
workforce and society.
Many Filipinos move abroad seeking economic opportunity,
and when they find it, they often send money back to their families.
These financial transactions are called remittances,
and they are an essential building block of the Philippine economy,
accounting for nearly 10% of the country's GDP.
People who receive remittances often make critical investments
with that money buying food, housing and education.
This steady flow of foreign money acts as a form of insurance,
helping people weather regional and domestic financial crises.
However, dependance on overseas workers
makes the Philippines more vulnerable to forces outside of its control.
Like if foreign governments restrict migrant labor, or
if the value of a foreign currency drops, reducing the benefit
from remittances.
Emigration also affects the Philippine workforce.
The government promotes emigration as a way to combat unemployment, arguing
that more people leaving the country means more opportunities for those who remain.
And with fewer job seekers and less unemployment.
Employers will have to raise wages to compete
for Labor, but there's no evidence that this is the case.
Instead, some experts argue that emigration creates brain waste.
At least a third of Filipinos who move overseas have some college
education, yet work in menial jobs or jobs unrelated to their degree .
And immigrants who gain valuable skills abroad and return to the Philippines often
choose to leave again rather than put those skills to use at home.
With so many people outside the country,
the social structure inside changes to the majority of immigrants are women.
Many leave to pursue professional opportunities
that may be harder to find at home.
And emigration can provide an escape hatch for women who are stuck in unhappy
or abusive marriages and unable to divorce.
Many families are left divided,
with spouses split half a world away from each other.
Though it may boost families financial prospects,
emigration disrupts traditional family dynamics,
with one parent absent for long periods of time.
Many Filipino children can miss out on parental guidance and support,
and other family members may need to take on the responsibility of providing care.
Emigration affects different Filipinos in different ways.
Many see it as a path to prosperity.
But the lowest income Filipinos can't afford to migrate.
And even then, making the move is no guarantee of financial success.
Nevertheless, emigration still benefits millions.
In fact, the Philippines recognizes Migrant Workers Day,
celebrating their important contributions every June 7th.
It's an annual acknowledgment of how this movement abroad shapes life back home.
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