00:00 I saw on the data of PhilCare that there are more Gen X or Gen Z people working now
00:10 than Gen X and Y.
00:12 Do you think it's because it's more of a generational thing?
00:21 Yeah, because for example, in Gen X and to some extent in Millennials,
00:26 we were really raised with the idea of an 8 to 5 job.
00:30 And that is the sole, if not the main, it's really the main type of employment.
00:39 It's an 8 to 5 work.
00:41 But it started with the fact that there are different ways of working.
00:47 And we learned that, not only in traffic, we have a lot of time
00:53 other than your 8 to 5 job.
00:56 So there are a lot of things you can do.
00:58 Of course, we see that.
01:01 Of course, sometimes, the kids, because I see them now,
01:05 most of my younger friends,
01:10 my friends who are in the same age,
01:15 they see their future as being more stable than being...
01:20 They want stability in their lives.
01:24 As opposed to what I see in Gen Z, in my Facebook feed,
01:29 they're more, let's say, carefree.
01:32 Are they more carefree now, these Gen Z?
01:35 That's the aspiration, to be carefree and to be more free in the 8 to 5 job.
01:44 Because if you think you're tied to your job, you'll have an 8 to 5 job.
01:48 So your aspiration is to be free, to get out of being tied to the 8 to 5 job.
01:53 That's the aspiration, but what is the reality that you will earn enough
02:00 in your rockets, and you will have enough savings for retirement,
02:06 because you don't have health services, right?
02:09 Or health card, for instance, if you're working for a big company.
02:12 So maybe in the beginning, you can experiment,
02:17 but if you have more responsibilities, you're already a family member,
02:20 the sense of responsibility will kick in.
02:24 Probably you would need a more stable job,
02:28 but that is the situation right now because we're in,
02:31 in a sense, it's a period of change.
02:35 But who knows, maybe further down the line,
02:38 that there will be stability in being carefree.
02:43 So maybe with the awareness of health services companies,
02:47 maybe they are more likely to insure individuals,
02:51 to offer better services for individuals.
02:53 For example, you can save more on your insurance if you're in a corporate,
02:58 because there's a big package, and then you can save more
03:02 if you're part of a big package.
03:05 But if the community of individual workers with insurance is bigger,
03:11 the pathway can be more reasonable.
03:14 For example, in the past, in the SSS, there was no freelance, independent contract.
03:21 But now, there is.
03:23 In the BIR, there was no such thing before, so now there is.
03:27 There are freelance tax models.
03:30 So there is a slow realization, but now there is momentum.
03:35 So we'll see eventually, there will be stability in being carefree.
03:41 [Sigh]
03:42 [Silence]
03:48 [Mouse click]
03:49 [Bell]
03:50 [Silence]
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