Losing a job or getting a salary cut is stressful as revealed in the Social Weather Stations (SWS) survey conducted from May 4 to 10, 2020 from among 4,010 respondents. Nine in 10 Filipinos were stressed because of the coronavirus crisis. Stress was higher among those who lost their jobs because of the outbreak or those whose salaries were cut. Those under “great stress” were in a no-work and no-pay situation (58 percent) while 57 percent of those who “currently do not have a job but used to have one” have experienced the same.

To address unemployment or underemployment, solutions to look at are reskilling and upskilling opportunities, starting a new business, or doing both. Three decades ago, I made excuses that entrepreneurship was not for me. The irony was I advised small and medium enterprises on the technical aspect of running a business. I was scared to start a business.

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