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.
Salaries are meant to be higher as inflation increases, I’m not sure how exactly the government looks at it. However, I’m not sure of the possibility that you do a job today and then tomorrow, you get paid lower. Especially the fact you said 5 years ago. What is your colleague’s job description? Aren’t they getting better at the job too? Because with 5 years you should be better, and without considering inflation, being better would usually amount to getting paid higher.
Due to this high inflation and as things are happening around life is going to be challenging for the lower middle class and peoples living under poverty because they are losing hopes of survive and most of them are having no good solution in near future as well which is more problematic for them just because of this all crime ratio is also increasing in many countries which is another challenge for them and as we're having conflicts and threats of more wars look like no one is having solid solution of this all.
If we are not having positive solution then surely we will watch another disaster which could be created serious threat for the peace of the world, and we will be lost many things which are having good impact on life's right now.