According to Cainglet, who cited the International Monetary Fund, up to 14% of the workforce in the nation might be replaced by AI.
According to him, 2.3 million Filipinos lost their employment in 2024 as a result of many tropical cyclones.
By the end of the first quarter, Cainglet said, “it is very likely that super typhoons will strike the nation once more and cause the same job losses,
Adding to the risks to employment posed by heat stress.” The organization said that last year’s employment creation was not aided by direct foreign investments.
According to Matula, the high cost of power in comparison to other nations makes foreign investors hesitant to set up shop in the nation. He said that in order to create jobs,
The government will not increase funding for the agricultural sector. According to the FFW, job losses are anticipated to have a significant impact on female employees.
