Is IBON Foundation Making Their Analysis Based on Revenues Equals Profits and Blaming FDI for Joblessness?
I was looking at Facebook this morning. It isn't too surprising that the IBON Foundation posted this with hashtags like #BuildFilipino, #StriveForIndependenceAndSovereignty, and #ASEAN2026PH along with it. I looked at this recent graphic made by IBON and I want to ask myself, "Is IBON Foundation treating revenues as profits?" It's because IBON has been calling for #SahodItaasPresyoIbaba, which literally means, "Increase salaries, lower the costs of goods." It's as if the salary doesn't affect the overall cost of production. Mistaking revenues as profits?! It's probable that IBON may be presenting revenues as profits . If that's so, then how can an economic think tank make such a common-sense error? It's really laughable some people on Facebook insult me repeatedly on Facebook, while praising IBON. However, I'd like to present this common sense analysis. Business & Plans If we look at this sample accounting plan alone, we realize ...