Post
Topic
Board Economics
Re: Do you feel that the global economy is declining?
by
Moeda
on 28/05/2024, 18:27:50 UTC
One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.
The salary is not lower than five years ago, maybe it could increase from before. The problem now is not the salary, but the price of basic commodities which has increased beyond the salary he receives. Previously, a $1k salary might have been enough to save some money, but now it's not even sufficient to buy basic necessities.

This condition can be caused by war in an area. However, this does not entirely happen because of war, but corruption within the country can also cause crises and other problems, namely the high debt of a country. To find solutions to all these problems, the country needs to increase prices of basic commodities, increase taxes, and so on.

But the government will not convey the full reasons for the increase in prices of basic commodities and the increase in tax value. The government will argue on one side, namely war. So that people can accept this reality easily.