What the Filipinos need now are jobs — jobs that only investments (foreign or domestic) could create. SoT bill refiledThree days after President Duterte vetoed the SoT bill, Sen. Emmanuel Joel Villanueva filed Senate Bill (SB) 806, “Security of Tenure or End of Endo” Bill, a rehash of the vetoed SoT bill. Employment securityAccording to the International Labor Organization (ILO), “Employment security is about the protection of workers against fluctuations in earned income as a result of job loss. Before the turn of the new millennium, I have already said and written that the real security of tenure lies not in legislations or policy pronouncements about the labor market. Demand and supplyJust like all other markets, the labor market is directly affected by demand and supply.

Source: Manila Times January 15, 2020 20:51 UTC