I like this speech of PNoy before the ECOP. The gist of his message to the employers reminds me of Keynes and the aphorism of Kalecki: "Workers spend what they get; capitalists get what they spend."
I hope PNoy maintains this common sense in the art of creating a middle-income nation where economic growth leads to high income for the workers, increased earnings for the investors, and a larger tax base for the government!
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