Nowadays cost of living is a matter of issue because as years ago by, the cost of living gradually increases, making most Filipinos suffer from poverty. The cost of living is highly affected by what we call “Market”. It is a place where buyers (consumers), who demand goods or even services, and sellers (suppliers), who in turn provides for the consumer’s need, meet.
It is a fact that that many Pinoys are unemployed or underemployed. This is part of our country’s population is greatly affected the changes occurring in the market. As we have observed, not only unemployed people are affected but employees as well. A person, whether employed or unemployed is significantly influenced by the events happening in the market.
At different time’s intervals, most market has progressive and declining stages. So if the market tends to slow down, the country and its people, most specifically its employees also tend to slow down. Meaning, the market’s turnouts is the same with what is occurring to our employees. For example when the inflation rate increases (price of goods in the market), meaning the market is somehow unprogressive, the workers ma experience nominal decrease in their financial capability to support daily expenses so they may request for increase wage. Inversely stated, when the market is stable, then the employees and employment rate is also stable. Actually establishing direct relationship between the market and employees is quite difficult. So to further explain their relationship, the introduction of the Metaphysical contract called “Company” is necessary.
A company maybe a corporation, a partnership or any form of business; These firms needs employees and workers for them to meet their objectives, which is to be profitable. A company like mediator, which has a direct relationship with a market, simply because firms are the active participants in the market. Additionally, market with few firms or companies, it would have a declining effect. That’s why, a competitive market means that it contains competitive. Companies where skilled workers can find if due to unforeseeable events, the market declines, one remedy is to increase prices of goods as stated earlier. When this happens, the companies may terminate employees or temporary decrease their compensation.
Inversely when the market progresses, employees are proved to be benefited their companies may increase production which needs many human resources and increase in compensation and benefits their ability to comply their daily expenses are parallel with markets improvement.
A company’s action depends on market fluctuation which directly affects its employees. This only means that whatever happens in the market affect s the employees whether the two are being connected or compared directly or in their commonality that is through companies.
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