So i would like to know what the standard of living is like in your country now compared to five years ago. Was there any sharp difference in the standard of living pre pandemic and now. If there is a great fall in the standard of living in your country, have there been any move by the government and employers of labor to alleviate the sufferings of people. People who live in Ukraine, if you don't mind, i think a lot of people would want to know what it is like there too since the war began.
Definitely there is a significant difference between the standard of living now vs the standard of living pre-pandemic.
In the Philippines, prices of fuels significantly increased. All the commodities and basic household items needed for daily living increased when the pandemic hit. Not to mention, though some of the stock prices plummeted, most have increased as well. Unfortunately, job opportunities lessened and unemployment + underemployment rates were higher compared to the time before covid hit.
This isnt limited on Philippines alone but on every corners of the world where countries are really that heavily affected with pandemic but it seems that things turns out on gradually turn to normal.
Lets hope that there would be no more variant that would come out which would really be making things even more worst.Standard of living on each country would be totally different and thats
why we do have that first world to third-world/developing countries.So as a citizen then its normal on finding other sources of income which commodities and other things do rise
up in prices.