Tilted Cat Head
Administrator
Location: Manhattan, NY
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Again, if you read my quotes, the remittance is WORLDWIDE. It is not just what is paid from just the US. It is total sent back to the countries. Filipinos are not just working the USA, again, those living in UAE sent $.5B back to the Philippines in 2007.
If you'd like to parse it further, you are more than welcome to. It doesn't matter because again, they pay to house, feed, and transport themselves to and from their job. Somehow they send back all this money. I'm not interested in that kind of analysis paralysis. See you'd rather pull my source and statistic apart rather than back your opinion up with facts or sources. Instead, you'll say that you can't tell how many people are remitting the money. That's a load of crap since you are just saying plainly, "most people who don't live with their parents that make minimum wage life paycheck to paycheck? These were the people to which I was referring" Well, how many are there who are living with their parents? Can you tell? How many people are you talking about? 10? 100,000? Millions? Or you just speaking in phantoms of "Well, I think that there are some... because that's what I believe?"
The amount remitted is fact enough that people making wages are able to save money. It means that money is being saved from low wages to high wages, since a good number Filipino workers are in the support medical profession (nurses, phlebotomists, lab workers) to also housekeeping and childrearing.
It is simple two line budgeting. Since you are well versed in economics, you should understand this: your expenses should never be more than your income. Write down your income on line 1. Write down your income on line 2. Subtracte line 2 from line 1. If line 2 exceeds line 1 you are spending more than you earn and will become saddle with debt.
I'm not a hostile person, I am frank and to the point. I speak my mind and speak it fairly. You may find it hostile, and that's your baggage that you bring to the table, not me.
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