Post
Topic
Board Economics
Re: Standard of living
by
uchegod-21
on 10/06/2022, 19:59:05 UTC
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.

In my country there is sharp increase in the standard of living and it is very difficult to live in my country with little money because the cost of goods and services have increased upto x3 of what it used to be before now.
There are two major reasons the standard of living increased so much, they are.
1. Because of recession: My country faced two times recession in the time under review and that worsened the whole situation.
2. Because of Covid-19:
In my country, any price that goes up doesn't return back anymore. This also includes services. For instance, before Covid-19. Transportation from Port Harcourt city to Calabar city was N1,500. But when covid 19 started, the passenger seat that carries 4 persons, began to carry 2 persons because of social distancing. So the two persons were made to pay N3,000 each to augment for the other vacant two. But when Covid-19 ended, the company started carrying 4 passengers again but didn't revert back to N1,500. Nobody protested till now.
Most times it's not about government but also the people.