PNoy quotes study: 4 out of 5 Pinoys to join middle class by 2030

By Willard Cheng, ABS-CBN News

Posted at Oct 29 2013 04:16 PM | Updated as of Oct 30 2013 12:20 AM

MANILA - President Aquino cited the importance of technical vocational education and training in providing Filipinos with jobs.

In his speech at the 2nd National Techvoc Congress organized by the Technical Education and Skills Development Authority (TESDA), Aquino said skills training has helped address mismatch in jobs and skills, said to be a reason for unemployment.

He lauded TESDA, along with its director general, Joel Villanueva, and the agency's linkage with the Department of Education, Commission on Higher Education and the Department of Labor and Employment, for implementing programs to address this.

Aquino said 62.4% of TESDA graduates have found jobs, compared to only 28.5% from 2006 to 2008.

He also said that TESDA graduates enjoy an employment rate of 70.9% in the BPO industry and 85% in the electronics and semiconductor program.

"Ayon sa datos ng Department of Budget and Management, 28.5 percent lang ng mga napagtapos ng TESDA ang nakahanap ng trabaho noong 2006 hanggang 2008. Di naman n'yo siguro mamasamain sa akin kung papaaral ko rin sa COA kung tama kaya 'yung ang numerong 'yon," Aquino said, prompting laughter.

"Pero ito ang tiyak: Ikumpara po natin nito naman pong 2012, batay sa pag-aaral ng TESDA, umabot na sa 62.4 percent ang mga graduate ng TESDA ay nakahanap ng trabaho."

Aquino again cited the "sweet spots" that the Philippines is set to enter: majority of Filipinos reaching working age by 2015 and Filipinos achieving a per capita GDP of $6,000 by 2019.

"Ang ibig pong sabihin ng mga ito, dadami ang mga maari magtrabaho at lalaki ang kita ng bawat pamilyang Pilipino," he said, adding that this would attract businessmen to invest in the Philippines.

He also mentioned a study saying that 4 out of 5 Filipinos would enter the category of middle class by 2030.