Quote:
Originally Posted by etsys
Pinoy pride..
Like how they made 10,000 jobless in ABS CBN shutdown.
Now they are targeting POGOs, to play a pro USA card.. already 40,000 sq m office space vacated. And more to clear up.
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There are big problems on the horizon when you see many Jollibee franchises shutting down across metro manila.
Most of the billionaire land owning corporations will be able to weather this just fine because they are diversified. The smaller businesses and middle to lower classes will be crushed from this.
I don't know for sure how the more legitimate call center market will be effected but I imagine it will be tough. Many corporations in the U.S. are also cost cutting and creating more telecommuting positions for domestic hires. This means there will likely be less offshoring in the future.
There is a big uptick in condo and business real estate listings too. Many condo units are going at steep discounts 20-50% off in some prime areas. Some landlords are still delusional trying to get pre covid rents but a year from now there will likely be more desperation.
Things will likely be tough for many years to come. I don't think the Philippines can rely on tourism or foreign money to pad out the big problems coming soon either because there is less disposable income even in the developed nations.
I'm not sure how this will effect our "hobby" in general. The theory is that there should be more girls but..a lot of them have also gone back to the province and are having kids.