Based on the lecture and the discussion about the state of education, are our

students ready for Industry 5.0? Explain your answer.

Not yet.

The Philippines was designated as a "legacy nation" in the WEF's 2018 Readiness for the Future
of Production Report, indicating that we presently have a robust production capability.
However, considering the situation of our economy and people, this is not unexpected.
Nevertheless, because of our inadequate institutional setup, human capital, and innovation, we
run the danger of experiencing future shock.

5IR may be exciting and frightening, like any other shift. It may broaden our already-existing
socioeconomic disparities or it might provide possibilities for all Filipinos. According to some
analysts, replacing millions of human labor with robots will further concentrate wealth in the
hands of a small number of people.

These possibilities are acknowledged by researchers at the Philippine Institute for Development
Studies. They contend that the government need to be adaptable enough to deal with the
changes that 5IR will bring about. They advocate for increasing investment in research and
development, increased trade and competitiveness with other nations, educating Filipinos to
have strong STEM backgrounds, and more. They also suggest developing efficient labor market
laws.

We appear to be still a long way from attaining these objectives, though. For instance, despite
having a K–12 curriculum, the Philippines had the lowest scores in reading comprehension,
mathematics, and science on the OECD Program for International Student Assessment (PISA).

In spite of annual increases, Singapore, Malaysia, Thailand, and Vietnam continue to spend
more of our national budget on research and development than we do.

Philippine's Plans for 5IR should motivate us to get ready for its shocks. After all, IR could—and
undoubtedly would—bring about profound changes to our country, just like any revolution.