Wednesday, January 7, 2009

Adams Myth: No stopping for Pinoy world domination agenda

In response to the World Dominatrix's (i.e., Jessica Zafra's) blog post Adams Myth on the global financial meltdown: Bad news, good news, I asked the revered economist Adams Myth if the Pinoy world domination agenda will be adversely affected, given that "our yayas are coming home... their amos can’t pay them anymore...the most potent troops of the Philippines, dispersed all over the globe, have been trimmed down"?

One who sees beyond the cloud of gloom, Adams Myth 's reply is full of optimism. He said:
"The yayas, nurses, bellboys, mechanics, English teachers and TNTs won’t be sent home. The construction workers and seamen will. Musicians in cruise ships will be packing in. Musicians at hotels won’t. The rule of thumb is, the more cyclical (i.e. boom-bust) the industry is, the more prone to layoffs. But at the end of the day, whatever slowdown we may see in out-migration this year will be temporary. Our competitive advantage still lies in making babies and sending them off to work in countries whose leaders know how to create jobs."

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