Sunday, August 3, 2008

The Economics of Living in the Province

Living in cosmopolitan centers have its upside and downside. More and more people are migrating towards the urban centers which c ould mean that for most people, the upside far outweighs the downside.

Economics. This is the greatest concern for the greatest number of people. You can't think if you don't eat. Even if you are not using your brain, economics needs will push you to do something to survive. In the metropolis, economic opportunities is better. "What will I do in the province?" Has become a standard querry of those used to the life in the city.

If you are a top notch ceo, what business orgnization will give you the opportunity to exercise your skills and knowledge. Living in the laid back community will make you a hermit, if not, atrophy will takes its toll. Fair enough.

Cost of living in the city is not a problem. The laws of economics will take care of the difference. Income level will rise commensurate to the social cost, the physiological cost, psychological cost, and the environmental cost.

Living in the province, you will have none of those cosiderations. Low income is fair enough because one has to endure less stress, less pollution, less travelling time which means more time with the family (than in the car). This also means less health related expenses.

When time comes for those enjoying the provincial providence, to send their kids to college (where the best schools is always located at the heart of the mega cities), the disparity of income becomes an issue. Unless one is living in the province but owns thousand of agricultural land which is into commercial farming, then sending kids to the metros will make a dent to financial stability. Imagine a small town businessman sending his son to study economics in Harvard.

However, if you are dreaming to establish a conglomerate to challenge Henry Sy, or are dreaming of unsetting Warren Buffet at the top of the money list, then the province is the wrong place for you. Move to New York and fight tooth and nail with Donald Trump.

I am not sure if the world of Berners-Lee will someday break this imbalance. Maybe W.Buffet will soon be challenged as shown by the Indians, the Russians, or a Mexican.

1 comment:

Unknown said...

I agree with your line of thought, something which is discussed here:

http://pinoy-business.com/content/view/268/59/

Still, any program of the balik-probinsya type would be welcome, but this will hardly work if the current structures remain the same.

Do continue the trend of your interesting discussions. Will drop by from time to time to participate in the discussion.