The economic revolution coincided with the industrial revolution from the beginning of 1.0, 2.0, 3.0, 4.0 and now we are in the adjustment of 5.0 the combination of humans with robots and human collaboration with machines.
Thus the economic pattern is changing and developing faster because there are so many innovations that can be done by mankind to continue to advance to the next civilization, in the past stupid people could still get jobs, could still garden and make money by farming and trading hand to hand directly and that could still be enough to survive but now with increasingly sophisticated technology that simplifies human access to business becomes easier but competition is getting harder because those who have limitations will be eliminated and if relying on today's garden results will not be enough with many expensive modern style needs.
Topic: Difference between past and present economy, (Read 850 times)
Now it is actually not a matter of difficulty or ease in getting money and jobs, but because job vacancies are getting fewer and added to the number of job seekers who are already so many. Likewise with the matter of money whose value seems to continue to decrease due to several things so that it makes it difficult for people to meet their basic needs if they still rely on themselves to work with their muscles without using their minds to develop further.
The actual problem I can point out is that the number of graduate that the world is seeing everyday Bi-semester exceed the number of job of opportunities economy create and by this I mean both jobs created by government through means of their own grow and development or the ones they voluntary created for people and the other jobs created by non governmental sectors, those are the companies and other businesses like the entrepreneurs, this is the genesis of the real world job problems and it has to be address but one corrupt government will decrease in birth rate.
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In addition, the level of competition in finding jobs and money also continues to occur non-stop in all countries so that it will certainly be more difficult for everyone because every year there are always new job seekers for all sectors. We can imagine how many thousands of people continue to graduate from college but they are still struggling to find work because they are unable to create jobs for themselves in life. So it's things like that that keep the competition going every year and make everyone tired.
If what I addressed is resolve, there wouldn't be competition among job finders, in fact people will be needed where companies will be the ones dragging Job applicants from another companies but it's a shame that the numbers are high and even with good academic records, you might not get the job your pairs are fight after. This is why it's encourage to have different side husle and gigs so that when you get employed in a place and suspended later, you will have another means of making money because this competition put you at the risk of been fired.
but convid-19 pandemic was destructive, my country has not faced such problems in the past few years, still people can not recover their losses in the covid-19, many businesses have been damaged, they have not yet fully recovered from the loss and many have lost their homes, and many have not been able to repay their loan, personally i am lost big thing still i have to pay for that.
Everyone has experienced something unforgettable due to the covid-19 pandemic in the past few years which has resulted in all economic sectors being depressed until now which is difficult to recover, in other cases there is the effect of war which worsens the economic situation from the effects of inflation, we live in the most difficult times I have ever experienced in my life and see many people become poor because they have lost their income and opportunities to apply for jobs are very difficult, we hope the economy will recover soon and all countries must make policies to overcome the global economic downturn, many people are hungry who must be considered and many people are poor and can no longer meet their living needs. 
In life change is constant and so therefore it's expedient that we will continue experiencing different patterns of changes in all spheres of life and the economy is not exclusive to these changes.
Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.
I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.
I think the economy have become worse than how it was some years back because of so many challenges. Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown. Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.
I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.
Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.
The Covid pandemic is not the only pandemic the world has ever experienced, there have been many pandemics that caused much greater loss and damage in the past. Also, things take time to recover and grow, we were worse in 2022 but things are slowly getting much more stable. So to say that things are worse than before is too hasty, I don't think that's true.
The well-being of the citizens of a country depends on how inflation is.
Hyperinflation hampers the normal life of low income people.
Hyperinflation hampers the normal life of low income people.
Of course, each era and time has different patterns and developments, if we follow it we will continue to work using our muscles. But behind all that there is also a lost space due to this technological progress. yes. opportunities for the weak to follow it, especially in the current economic conditions, it is very difficult to get jobs and money and competition.
Now it is actually not a matter of difficulty or ease in getting money and jobs, but because job vacancies are getting fewer and added to the number of job seekers who are already so many. Likewise with the matter of money whose value seems to continue to decrease due to several things so that it makes it difficult for people to meet their basic needs if they still rely on themselves to work with their muscles without using their minds to develop further.
In addition, the level of competition in finding jobs and money also continues to occur non-stop in all countries so that it will certainly be more difficult for everyone because every year there are always new job seekers for all sectors. We can imagine how many thousands of people continue to graduate from college but they are still struggling to find work because they are unable to create jobs for themselves in life. So it's things like that that keep the competition going every year and make everyone tired.
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Regarding the past happenings and those of today's it is not a phenomenon that we have to debate about because it's actually what it is that things are rather getting worse today than it were back then. Growing up as teens the good experiences about how less difficult life was isn't same as we have today. The post world war effects wasn't as severe as how the COVID-19 pandemic post effect on the economies of the world are facing. I have had time to commune with a few elderly persons and their stories about the past and today's world has always been that the world is getting worse by the day.
The only better and developmental difference is that in our present world technology has greatly improved but the global economy isn't getting a reflection of this development. Cost of living skyrocketing, increased in strange diseases and sicknesses and insecurity on a high level and a majority can't even feed fine. What can you say about that?
As far as I know, the damage caused by World War II was 10 times greater than that of World War I: 60 million people died, 90 million people were disabled and many villages and cities were destroyed...Economically: hundreds of millions of people lost their jobs and homes, and it could be said that much of Europe collapsed. Let me ask, how many people have died, how many people have lost their jobs and homes because of the covid pandemic? Will the world economy collapse to the point where millions of people are unemployed or starving?...Also, you can study past pandemics like cholera, malaria...and many others that have caused consequences. You will know that covid pandemic is nothing.
As I said we have never been through anything worse, Covid is the only thing we have had to go through so far, so we don't feel what previous generations have had to endure and go through.
Today, many families are struggling to make ends meet, struggling to eat, but famines are no longer as frequent and the number of people dying from hunger is not as high as before...It is safe to say that a lot of things have changed for the better.
If you say the world is getting worse and making money is getting harder, then I want to ask you, could the generations before us have made money online? Can they invest, can they use technology devices, internet, social networks...to make money? Also, if they get sick, do they get vaccinated, do they have access to specialist care with the technology we have today?
As I said before, the world becomes worse or better depending on each person, if you earn more money then obviously the world will become better. But if you are struggling in life then when you look at life everything will be bad, even with your family everything will be bad for you.
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The economy of the past and present is very different, where the average economy of society continues to improve as time progresses and technology becomes more advanced, many people take advantage of the opportunity to make money not only physically.
We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
Of course, each era and time has different patterns and developments, if we follow it we will continue to work using our muscles. But behind all that there is also a lost space due to this technological progress. yes. opportunities for the weak to follow it, especially in the current economic conditions, it is very difficult to get jobs and money and competition. We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
The competition will be tight for every people who want to take part as now, when they want to search a work from globally, they need to have more skills and ability to compete with other people from other countries. We all see the different between past and present but we are not have a better situation because we can have a better life compare those who lived in the past. But this condition will also different in the future which can be different than now so if we want to survive in the future, we must think what we should do to have more things that can help us to survive.
The economy of the past and present is very different, where the average economy of society continues to improve as time progresses and technology becomes more advanced, many people take advantage of the opportunity to make money not only physically.
We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
Of course, each era and time has different patterns and developments, if we follow it we will continue to work using our muscles. But behind all that there is also a lost space due to this technological progress. yes. opportunities for the weak to follow it, especially in the current economic conditions, it is very difficult to get jobs and money and competition.
The economy of the past and present is very different, where the average economy of society continues to improve as time progresses and technology becomes more advanced, many people take advantage of the opportunity to make money not only physically.
We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
Of course, each era and time has different patterns and developments, if we follow it we will continue to work using our muscles. But behind all that there is also a lost space due to this technological progress. yes. opportunities for the weak to follow it, especially in the current economic conditions, it is very difficult to get jobs and money and competition.
Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.
So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.
So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.
the difference in economic levels is felt, before and after Covid, the impact is still felt today, and so it is with the past where the economic level is different from now, something that is difficult to explain, because we do not know the economy of the past, it is necessary to ask people who are older than us.
The economy was still crap before covid but even though it was crap it was still relatively lively. When covid happened, the economy was stopped for like 2 years worldwide. The governments printed money so the people wouldn’t starve but the equation between the money supply and the supply of services and products got a lot worse in the end. The inflation went rampant. Then the FED decided to raise the interest rates to stop the inflation.
Now big companies are laying off workers, cancelling their future investments… and it is getting worse. It will get a lot worse.
What did we achieve in the end? We tried to fool the math and it seemed to work for nearly 2 years or smth.
Stopping the economy during covid19 was a big mistake. You can thank Biden administration for that. Trump called this mistake many times.
Now we are back to where we started, no we are probably in a worse shape than that.
I have to pause for a moment because I don't know why you make your conclusions like that or perhaps you just assumed things based on the things you see around you right. I guess you need to leave your comfort zone and see how life has been in other part of the world. Some people has moved from average life to worse due to war, due to climate change, due to economic decisions and also terrorism, all these has stop them from having a good life.
I think the world is constantly moving and there is always change, but there will be differences in each country and each region, not everything is better and not everything is worse. There are countries that are getting richer and there are countries that are getting poorer so there will be different thoughts about how the world is changing.
Healthcare facilities are another aspect that has worsen due to generation and widespread of new diseases and sickness. Back then, common sickness were yellow fevers, malaria, small pox and chicken pox and with vaccination, all of them disappeared but it seems we now have advanced sickness around us that we are dealing with everyday and you think that things are fair, I'm not sure if that conclusion is okay to say.
I think this is not entirely true, the diseases that we call common diseases today such as cholera, chickenpox, smallpox, malaria...these diseases were also called pandemics and took the lives of millions of people at that time. But over time, humans developed vaccines and treatments so they became common diseases. Similarly, incurable diseases are a big problem for humanity today, but they will also become common sickness as we find cures and vaccines in the future.
The downside of world evolution is that we find ways to solve old problems but inadvertently create new problems and it becomes a vicious cycle.
Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.
So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.
So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.
the difference in economic levels is felt, before and after Covid, the impact is still felt today, and so it is with the past where the economic level is different from now, something that is difficult to explain, because we do not know the economy of the past, it is necessary to ask people who are older than us.
I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.
What do you guys think about it is there a big difference on our past and present economy?
What do you guys think about it is there a big difference on our past and present economy?
The world is ever changing and we must constantly evolve to face whatever is available. Unfortunately the economic situation for some people is limited by their environment, as sometimes there can be restricted education and high competition for any employment opportunities. This drives down wages and keeps them suppressed at near subsistence levels. This is most prevalent in high population countries and it can be much harder to climb up the economic ladder, or even get your foot on the first rung. There's also an element that some people simply don't want to work harder or smarter than others which can be a distinguishing factor in prospects for someone's future.
The COVID-19 pandemic may not be the only pandemic that have hit the world but it's devastating effect did change many things and activities around the globe, the challenges it created are still felt, ranging from work engagement, social relations and the macro economy performance. A lot of persons that were layoff are still grappling with unemployment till date. The economy is not in any recovery neither are there signs to that effect rather what we're witnessing on daily basis is hikes in prices of goods and services and high insecurity challenges which weren't there before the COVID-19 wave.
To worsen the harsh conditions the emergence of the Ukrain-Russia war, and other conflicts in the Middle East all these indexes put together can we really say things are getting better, life's standard is improving. Because from what it is an estimation of above two-thirds of the world population are finding it hard to survive the hard times. How many persons can actually afford a world class health care?
Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.
So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.
Growing up as teens the good experiences about how less difficult life was isn't same as we have today. The post world war effects wasn't as severe as how the COVID-19 pandemic post effect on the economies of the world are facing. I have had time to commune with a few elderly persons and their stories about the past and today's world has always been that the world is getting worse by the day.
The only better and developmental difference is that in our present world technology has greatly improved but the global economy isn't getting a reflection of this development. Cost of living skyrocketing, increased in strange diseases and sicknesses and insecurity on a high level and a majority can't even feed fine. What can you say about that?
The COVID-19 pandemic may not be the only pandemic that have hit the world but it's devastating effect did change many things and activities around the globe, the challenges it created are still felt, ranging from work engagement, social relations and the macro economy performance. A lot of persons that were layoff are still grappling with unemployment till date. The economy is not in any recovery neither are there signs to that effect rather what we're witnessing on daily basis is hikes in prices of goods and services and high insecurity challenges which weren't there before the COVID-19 wave.
To worsen the harsh conditions the emergence of the Ukrain-Russia war, and other conflicts in the Middle East all these indexes put together can we really say things are getting better, life's standard is improving. Because from what it is an estimation of above two-thirds of the world population are finding it hard to survive the hard times. How many persons can actually afford a world class health care?
Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.
So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.
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I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.
Not having a permanent job how can they earn money to meet their living needs and maybe what you mean is because now the government provides assistance to its people, both in terms of health, education and other money so even though they do not have a permanent income people can still eat, provide school for their children or health costs are borne. Now it becomes more complicated because money loses value due to several things and most people are also involved in unproductive debts that affect human life.There is clearly a significant difference between the economy now and in the past, this is reflected in how a person's ability to run a life. Although people can fulfill some things as you mentioned, but if you look further, the economy now and the past are very different. In the modern world, there are many online jobs that can be done by people as long as they are able to utilize existing technology as a step to make money.
The economy of the past and present is very different, where the average economy of society continues to improve as time progresses and technology becomes more advanced, many people take advantage of the opportunity to make money not only physically.
We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
Now we can distinguish between hard work and smart work and the combination of the two in every job, because in the past before the development of technology and also the internet network, maybe everyone always worked hard without thinking intelligently so that there was a lot of time that had to be used just to make a little money. While now there are many people who have used new technological devices accompanied by the internet to earn income in a short period of time so that time can be cut down and can be used for other things that are more useful.We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.
As you have explained, jobs in the past and present are very different, the economy in the past was simpler and can even be said to be less efficient compared to the current economy which is more efficient and effective with the internet network that makes it easier to work or earn additional income.
In addition, the value of currency in the past and present is very different, if in the past with just $ 10 you could buy many goods, now to buy the same goods we have to use $ 1000. So it is clearly very different because this is all the result of inflation which also occurs continuously every year.
There are always economic differences between the past and the now, because there are adjustments such as the number of individuals and the level of consumption, so there are adjustments to these levels, with the current currency having a smaller value compared to the past, which is what influences the economic levels among this.
Changes in currency values every year can indeed have an impact on changes in life that are more directed at the economic sector because this is also caused by food prices that are not fixed in every country every year so that they can cause other changes in various sectors. Now the economic conditions are indeed different from the past because there are many changes that we have seen and faced slowly over time so that everyone has realized this now that its influence does come from many things every year.
In addition, from the adjustments that are present through technology, there have also been greater changes so that the living conditions of many people now always change faster when we can undergo these adjustments properly. Because people who continue to be left behind because they are unable to adapt to the environment and the use of technology will find it difficult to find better changes in their lives because now there is no effective way to fight the changes that come unless we ourselves make the changes in our living environment.
Well, things are different, but that does not mean everything is now fine for everybody. Sure, more people can afford to get the basic needs-food and education-than ever, which actually derives from many programs or support systems, not because of an idealistic economy. Speaking from my experience as a freelancer, freelance jobs today may be more flexible, but the majority of them lack stability. Not every gig or part-time job will have benefits such as healthcare or retirement. While people can earn money that way, it's just never enough to secure a better future. In that case, there are still real problems in today's economy, while some things may improve.
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