When a person or a family's income is insufficient to cover their basic human 

needs, they are

said to be in absolute poverty. Food, shelter, clothing, education, and fundamental healthcare are
among these needs. Absolute poverty can exist at various income levels and differs significantly from
region to region and country to country depending on the specific economic climate. Absolute poverty is
assessed using a location-based baseline figure and is not quantified in relation to the earnings of other
people or families.

The root causes of poverty can be very diverse and frequently depend on a person's location.
Resource availability, psychological wellbeing, war, a lack of work opportunities, a lack of education, and
climate change are a few examples of situations as to why a family or an individual fall under the
absolute poverty category. 

The COVID-19 epidemic, however, briefly stopped our advancement. During 2020, strict
quarantines had a substantial impact on people's income and employment. The economy of the
Philippines (one of several nations with the longest lockdowns) dropped by 9.6% during the first year of
the outbreak. The number of poor Filipinos went from 22.3 million (21.1%) to 26.1 million (23.7%)
between 2018 and 2021 (first semester) 

Moreover, the estimated poverty line for the nation is P12,082 a month for a family of five,
which is about P80 per individual per day for essential needs like food and shelter. For a family of five,
the subsistence criterion is calculated to be P8,393 per month, or about P56 per person each day.

Due to school closings brought on by the pandemic, more than half a year's worth of education
was lost. The impoverished are particularly affected by the learning deficits brought on by pandemic-
related disruptions in the educational system.

These pieces of statistical evidence prove that the despite Philippines being open for growth and
development, there are still wide gaps that we do not often see on the most used media platforms. If a
family cannot afford every member’s needs, then, it is most likely that this kind of culture and lifestyle
will be passed on from generations to generations. Hence, the government must make appropriate and
effective interventions for everyone.

source:

https://neda.gov.ph/statement-on-the-2021-first-semester-official-poverty-statistics/

https://finex.org.ph/2022/06/03/breaking-the-cycle-of-poverty/

One of the strategies is to adjust pricing of capital of skilled workers in the modern economy.
This scenario is applicable especially to those underpaid workers. To not that we have lost a lot of Asian
skilled workers to (brain drain) the Western countries is already one factor why we always remain at the
bottom of the most progressive countries. In that way, I believe addressing price distortions will result in
higher productive efficiency, increased employment, and decreased poverty.

On the other hand, policies intended to produce profound structural changes in the allocation of
assets, control, and access to higher education is one way of strengthening our knowledge and skills
foundation. Most Filipinos are workers and employees to some because we remain to be competitive—
these can be at our advantage and disadvantage but still, these policies positively and negatively affect
the entire social, economic, cultural, and political foundation of the developing world.

Today, one occurring issue is that the Philippines is experiencing stagflation wherein there is
high inflation, high rates of unemployment, low GDP, and other factors that puts the economy at risk
due to the first surge of pandemic in the past. I believe such policies intended to change the income
distribution at the highest levels by enforcing progressive tax rates on incomes and wealth would result
to the establishment of a social "security net" for those who may be left behind by the development
process.

Above all of the mentioned policies, it is important to emphasize that policies should be
designed to enhance the well-being of the disadvantaged and their communities. The response of
countries such as South Korea, Japan, Singapore, etc. to COVID-19 owes a great deal to their excellent
medical practices, especially the establishment of an agency entrusted with planning for and responding
to infectious disease epidemics.

The nation's effective implementation of healthcare as well as its ability to attain good health at
a relatively low cost will give its citizens with a high level of psychological well-being. However, these
activities may be undertaken by the government or by nonprofit groups through other programs too like
finance, sustainable agriculture, environmental protection, community building, and empowerment.