How did Marcos regime affect Filipinos in the '70s economically? TikTok content creator counted ways

What are the macro-economic effects of the Marcos regime on the lives of ordinary Filipinos? Last September 21, a TikTok content creator with username

9/23/2021 10:45:00 AM

“And today, I want to revisit the macro-economic effects of the Marcos era [on] the lives of the Filipino people. No politics, just empirical economic data,” mightymagulang said.

What are the macro-economic effects of the Marcos regime on the lives of ordinary Filipinos? Last September 21, a TikTok content creator with username

Wages dropped during the Marcos eraMagno-Veluz compared wages of workers in 1962, pre-Martial Law, and in 1986, post-Martial Law.“So a farmer who earned P100 in 1962 earned P70 in 1986. An unskilled worker who earned P100 in 1962 earned P26 in 1986. A skilled worker who earned P100 in 1962 earned P28 in 1986,” she cited.

Robredo on vote buying: That might be taxpayer’s money so accept it, but vote based on conscience Bongbong says PH should modernize infrastructure to become Asia’s next logistics hub Vote buying still an offense, Comelec spokesperson insists

In areport by Philstartitled “Debt, deprivation and spoils of dictatorship,” economists from the University of the Philippines also stated that income distribution among the poor worsened during Martial Law.“Income distribution also worsened during Martial Law, with the poorest segment of society seeing a decline in their share of the total income between 1971 and 1979. The richest 10 percent, on the other hand, enjoyed a much larger piece of the pie,” the report said.

Filipinos became poorerMagno-Veluz also compared the poverty level and underemployment rates before and during Marcos’ military rule.“In 1965, 41% of the Filipinos lived on the poverty level. In 1985, the poverty level was at 58%. So 6 in every 10 Filipino families were poor. In 1973, underemployment and unemployment was at 10%. In 1982, this was at 33%. The number tripled,” she said.

She also noted that these dire figures were also compounded with the high costs of basic commodities.In the same Philstar report, it was also stated that poverty incidence when Marcos rose to power was at 42%.By the end of his rule, 59% of Filipinos were poorer.

The underemployment and unemployment numbers at that time were also staggering.“From 1978 to 1983, the number of workers without jobs increased from 800,000 to 1.2 million. But the figure for underemployment was more shameful, going from 1.6 million to 5.6 million,” the report

said.Philippine loans skyrocketedMagno-Veluz explained that the Philippine debt during Marcos’ time ballooned to the point that the country had to declare a debt moratorium in 1983.She likened this to the consequences after a credit card holder maxed out his or her credits.

“You have several credit cards and you maxed them all out. You cannot meet your obligations because the minimum payment required is three times your income. That was the Philippines in 1983,” the TikTok user said.Magno-Veluz also countered the myth of large infrastructures built during the late dictator’s rule.

Comelec spox counters Leni: Vote-buying a poll offense Pacquiao: Selling votes will cost country its future Dolomite beach, isasara muna ng ilang araw

“The infrastructure spending was the justification for the foreign loans. The Marcos era was built on debt-driven accomplishments,” she said.In the Philstar report, Ronald Mendoza, dean of the Ateneo School of Government, concisely explained the impact of Marcos’ debt-driven accomplishments.

Read more: Interaksyon »

'Collective exhale': Robredo siblings relieved that Kiko is Leni's VP

Aika Robredo also describes former senator Bam Aquino, Vice President Leni Robredo's campaign manager, as 'heaven-sent'

mightymagulang Please do something similar for pre- Duterte, pre-pandemic Duterte, and present. It can bring on an avalance of hate on your thread(but the fact that paid trolls are not on twitter can mitigate that) but it can sway the new, the toing, and the disenchanted voters. 🙏🙏🙏

DBM audit shows Pharmally deliveries consistently delayed – Marcos'Panay short ang delivery, panay delayed, puro extension. Meron nang liquidated damages charged,' says Senator Imee Marcos. BudgetWatch Hahaha.. Psycological warfare? Gamitin nyo si imee para mabuwag BBM-DU30 tandem? Wag kami oy! Alam na namin agenda nyo at black propaganda. Solid BBM-DU30! why the sadden change of colours on d Do-Dirty-Marcos eyes? ...hmmmm

UP commemorates Martial Law declaration by MarcosUP Diliman professors came together Tuesday to commemorate the declaration by the late President Ferdinand Marcos of Martial Law 49 years ago. Bakbakan Manny Pacquiao MannyPacquiao versus Yorme Isko, who is the mayor of Manila, IskoMoreno Philippines Votes 2022 PhilippinesVotes2022 Manila

Marcos crowd swarms Angel Locsin’s Martial Law Instagram postTV host Bianca Gonzalez-Intal and director Dan Villegas express their support for Locsin's MarcosIsNotAHero post. mga iyakin 😂 Those are Martial Law Violators, learn the difference 143redangel Sabi nga ni Toni, good and bad publicity is still publicity. 😏

Imee Marcos says climate change body in danger of abolition, overhaulThe Climate Change Commission may be in danger of being abolished or overhauled due to its supposed lack of sense of urgency in implementing projects, Senator Imee Marcos said. | cgonzalesINQ

Marcos’ martial law: Golden age for corruption, abusesMANILA, Philippines—Since 2015, there’s been an attempt to paint Ferdinand Marcos’ dictatorship as a golden age for the Philippines through tweaked facts and outright lies. While thousands consider the Marcos years as the darkest time in Philippine history, his family and loyalists are using mainly social media as a platform to foist their version of […] and they have the right equal to the right of those who disagree.. Loyalists? Enlightened, maybe. You can no longer push this narrative down our throats. Biased media like you are responsible for the ‘supposed atrocities’ of Martial Law. How about Cory’s Mendiola massacre and Pnoy’s SAF 44, Hacienda Luisita massacre, etc.?! What a load of bull!!!

Facts about the martial law during the Marcos regimePresident Ferdinand Marcos signed Proclamation No. 1081 on September 21, 1972, placing the Philippines under Martial Law. Some say that Marcos signed the pro... This story have been told and retold over the years. But the truth has been revealed. First Ninoy and his BFF Joma Sison bombed Plaza Miranda. Second Ninoy supported the CPP-NPA to overthrow the government. Part of that domino effect of communism sweeping Asia.