Companies are cutting cost there by reducing salaries to meet up with their production and running cost of the company but this is not applicable in all countries of the world, the problem many country is having now is their inability to take production of food serious, in the countries where I come from, there food scarcity as it stands, the poor are becoming poorer by the day, the price of good are very expensive to the level that if buy an item today go back tomorrow such item has risen beyond imaginable, life is very difficult here, no job, even people that are employed are losing their jobs because of one excuse or the other from the employers, the cheapest commodity thats is common in my country which is cassava flakes is one of the most expensive now and most annoying part of is that the government are doing nothing to solve this problem.

Currently the purchasing power is no longer enough to meetup with the present economic situation of most countries thats the economic reality, in conclusion many countries are trying to tackle this declination in their own way but some clueless leaders in some countries are facing this menace in the wrong direction which may cause further declining if further steps are not taken appropriately.