Present economies are characterized by advanced tech, globalisation & digital transactions leading to increased efficiency. They often focus on services & knowledge based industries. Past economies relied heavily on agriculture & manufacturing with limited technological influence & local markets. Economic structures were more rigid & trade was often conducted through barter systems. Present economies emphasise innovation & adaptability while past economies were more dependent on physical goods & traditional practices.
At that time , persons are successful which adopted the the change and who did not accept that change ,he is far behind. Millions of people accepted the change in COVID-19 and they got benefit from COVID-19 and many persons did accept that change and they lose everything because there was lockdown and every person was in the house. You had to change yourself by getting current knowledge and current situation of market. Many people earned millions of dollars in COVID-19 and now they are rich person. Especially, BTC was at top and marketing campaign was also wanderful and many investors and hunters got benefit from that benefits and made strong portfolio. 
Topic: Difference between past and present economy, - page 2. (Read 837 times)
I remember the good old times when I made a much smaller salary and I was still doing fine, had no issues at all. In my country, if you make a thousand dollars per month, that's good enough to live without much issues, at least that was the case years ago, it meant that you were making more than most people. Now?
Now, you make a thousand dollars and it's still more than majority of the people and you still have hard time living, which is something I do not understand because that means majority of the people are still not doing that well neither, It makes no sense because we are seeing a lot of people have a lot of issues about this, which makes absolutely no sense at all. We should be making more money in this sense, and yet people make even less.
This means that past economy was so great that we would make less than today in comparison to inflation, it is not just inflation that went up, it feels like prices went higher than inflation and inflation numbers are a lie. They tell you it is 10% yearly, but it could be as high as 20-30%, because prices do indicate that, prices shows that it is not just a bit more, it shows it is a lot more and we are having a lot bigger issues because of that.
Now, you make a thousand dollars and it's still more than majority of the people and you still have hard time living, which is something I do not understand because that means majority of the people are still not doing that well neither, It makes no sense because we are seeing a lot of people have a lot of issues about this, which makes absolutely no sense at all. We should be making more money in this sense, and yet people make even less.
This means that past economy was so great that we would make less than today in comparison to inflation, it is not just inflation that went up, it feels like prices went higher than inflation and inflation numbers are a lie. They tell you it is 10% yearly, but it could be as high as 20-30%, because prices do indicate that, prices shows that it is not just a bit more, it shows it is a lot more and we are having a lot bigger issues because of that.
What do you guys think about it is there a big difference on our past and present economy?
I would say there's a big difference with the past economy and the present but life is in stages and just as an individual grows, it get past some certain stages and phases so this is certainly another stages of the economy that we need to know or experience and yes life don't usually give you what you expect on most cases so you need to adjust to it.
Tho the past economy was far better of than this in the sense of balancing to the needs of the average man as well but now it's been difficult for many as they tend to scale through this phase of the economy.
Imagine then in the past you can use let's say 10$ to go to the markets to get groceries for the house and you will get enough stuffs to carry for months but comparing to now it's the reverse it's just like you took nothing to the markets that's how difficult and different the past economy is to the present.
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.
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?
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.
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.
What do you guys think about it is there a big difference on our past and present economy?
I would say there's a big difference with the past economy and the present but life is in stages and just as an individual grows, it get past some certain stages and phases so this is certainly another stages of the economy that we need to know or experience and yes life don't usually give you what you expect on most cases so you need to adjust to it.
Tho the past economy was far better of than this in the sense of balancing to the needs of the average man as well but now it's been difficult for many as they tend to scale through this phase of the economy.
Imagine then in the past you can use let's say 10$ to go to the markets to get groceries for the house and you will get enough stuffs to carry for months but comparing to now it's the reverse it's just like you took nothing to the markets that's how difficult and different the past economy is to the present.
What do you guys think about it is there a big difference on our past and present economy?
Yes, the current economy can be said to be far from the previous economy, if we examine it from how to get it, the more sophisticated modern technology is, the easier it is for people to get money, does not look at poor and rich.For example: YouTube content that makes a lot of money from those from poor families turning rich.
But poor then and now are different, poor people used to be able to produce the economy by hard work/labor for rich people, now it is no longer the case that rich people have become poor, because those who are poor no longer want to do manual labor, so much of what we see today is that if rich people don't use technology in their businesses they can go bankrupt without workers.
So as you said, the difference is much different now than before, in terms of economic output.
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?
There are two types of poverty. Absolute poverty and relative poverty. I've studied about this subject in University 15 years ago, so I don't remember much. You can't simply put all poor people into one category. A homeless person, who is sleeping in the parks or under a bridge and searching for food in the thrash cans is truly poor. Some members of the working class are poor, but they have houses and they can pay their bills and buy some food. Their problem is living paycheck to paycheck and struggling to make ends meet every month.
If you have a roof over your head and food on the table, you aren't totally poor. Your poverty is relative, because some of your basic needs are met, but your standard of living would still be very low, in comparison to the middle class or the rich people.
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.
I believe we had a better economy some years back if being compared to the hardship that so many people around the world are going through. Some years back, you don't have to stress yourself to get too many jobs, skills or side hustle before you can be able to pay your bills, but due to how worse the economy has become, you can see a person who have two to three jobs and also a side hustle, they undergo different stress just to make sure they can earn enough money to fill all their bills, because without having more than one job, they can't meet their personal needs.
Countries with high unemployment rates suffers difficulty, and workers in such countries also get “underpaid”, and because, in a country like this, it’s like a privilege to be employed, citizens will not object the chance to work as an “underemployed” staff. For this, the working class people, cannot afford their basic needs; food, and shelter. It simply means that the economy of the country will get—hard.
However, more people need to advance to high paying skills, by taking courses to help fix their personal financial economy. The better every person in the society can make impact in the labor market, the best for their nation's economy.
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?
I agree, there are marked differences between the past and present economic conditions despite persisting challenges. The contemporary economy has undergone some form of growth and development that have increased accessibility to daily needs, which were highly inaccessible in the past. For instance, food is available to many people today, as well as access to education and health care, which was greatly insufficient in the past. Added to this, of course, are the new forms of income brought about by modern technology in the realms of gig work and online opportunities. And with the help of such innovations, individuals can now generate considerable amounts of money, even in the absence of any traditional employment.
Despite such advances, though, not all has changed: the disparities in economics still exist. Though some life elements have become different, poverty and economic deprivation continue, at times more and at times less. The ease with which goods and services are available today does not imply that all economic problems have vanished. The character of poverty and economic hardship has changed. An economy like today's sets up all sorts of new opportunities and conflicts, and one has to bear in mind that, notwithstanding the progress made, some really important issues remain.
And on the other hand, the human population is also increasing every year. Fewer jobs and a growing population will be a serious problem because if someone does not get money to live, they have the potential to become a criminal.
Population growth means demand will increase and supply also needs to increase to meet demand so it is not correct to say that population growth will be a serious problem.
But the problem with population growth is that it is not distributed evenly and appropriately. I mean the population growth rate in developed countries is negligible while in underdeveloped countries the population growth rate is uncontrolled and too high. This has caused an imbalance between supply and demand worldwide, making life increasingly difficult for many people, especially those in third world countries.
In general, population growth has both advantages and disadvantages. The advantage is that we will have an abundant source of young human resources, ensuring the development of the world. The downside is that it can be harmful if the population grows too rapidly in underdeveloped countries, which will become a burden on that country's economy.
Yes, the increase in population is not a problem if the supply capacity meets the demand; the problem arises when this increase is uniformly distributed. In developing countries with rapid population growth, demand may not be much of a problem. On the other hand, in the developing countries, rapid population growth may outrun the capacity to raise productivity and result in severe imbalances. This disparity in growth contributes to serious problems as these countries try to meet the demand of a growing population, increasing vulnerability while deepening poverty and deprivation. Such an imbalance inherently calls for an addressing of deliberate efforts to manage growth and improve resource allocation toward an equitable and sustainable global environment.
And on the other hand, the human population is also increasing every year. Fewer jobs and a growing population will be a serious problem because if someone does not get money to live, they have the potential to become a criminal.
Population growth means demand will increase and supply also needs to increase to meet demand so it is not correct to say that population growth will be a serious problem.
But the problem with population growth is that it is not distributed evenly and appropriately. I mean the population growth rate in developed countries is negligible while in underdeveloped countries the population growth rate is uncontrolled and too high. This has caused an imbalance between supply and demand worldwide, making life increasingly difficult for many people, especially those in third world countries.
In general, population growth has both advantages and disadvantages. The advantage is that we will have an abundant source of young human resources, ensuring the development of the world. The downside is that it can be harmful if the population grows too rapidly in underdeveloped countries, which will become a burden on that country's economy.
Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .
Today the world is facing a very critical economic problem. Technology is developing so rapidly that professional workers are becoming more needed. On the other hand, efficiency in technology makes manual labor unnecessary. For a company, it will be easier to maintain machines than to pay workers. And on the other hand, the human population is also increasing every year. Fewer jobs and a growing population will be a serious problem because if someone does not get money to live, they have the potential to become a criminal. hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I believe we had a better economy some years back if being compared to the hardship that so many people around the world are going through. Some years back, you don't have to stress yourself to get too many jobs, skills or side hustle before you can be able to pay your bills, but due to how worse the economy has become, you can see a person who have two to three jobs and also a side hustle, they undergo different stress just to make sure they can earn enough money to fill all their bills, because without having more than one job, they can't meet their personal needs.
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?
If you think the world has improved by what you just wrote, the I guess you don't know what is happening around the world. People are hungry and it's global and worst in some countries, people have dropped out of schools and that's because the economy is hard for them to even afford a book. In many countries today where basic education used to be free, it's no longer free again because the governments aren't doing that again, life is really hard out there my friend.
In my country, many of the people who claimed to be politicians and now work for the government all had privilege of free educations, free things the colonial guys did in the country bit as soon as they left and the people who had free privilege changes everything about the economy and it's now unbearable for many people. You should learn to go out and see things, don't stay on social media and assume things are okay with poor people.
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?
Unfortunately the biggest issue that it caused was inflation. We all spend a lot more money on things that we used to spend on, and yet our salary is still around the same level. Unemployed is an issue, and employers knows this so they do not increase our salary, which causes us issues because if we resign then we would be unemployed and can't find a job, whereas if we do not resign then we are making a very small amount compared to higher prices, there is no way out.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?
The best case for us is bitcoin, we put some money in bitcoin hoping that it would give us some good breathing room, but usually it won't go up that much higher, a bit but not make us rich. All in all, we are just stuck between a rock and a hard place, so it is going to be a sad situation to keep going like this but that's the reality we live in right now, it is definitely nothing that will be all that crazy good at all. We need to consider that this is the new world and we have to get used to it.
I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.
it is getting worse every single time because the price of commodities keeps changing if you are constantly going to the market their is no way you will meet the same price the way you left it something must have changed about it. over the years it keeps changing but the change is usually slow and am very sure that we did not even notice it but no it is very different the change is fast and we are all noticing it. the world is not getting better in any way rather it is getting worse, and even the coronavirus period is better than this things were not that expensive compared to now so there is still a lot to be learned because we can not even eat straight anymore because of this economy everything is becoming very difficult. the evolution also contributes to making these things the worst. so it is time we make a serious decision for ourselves on our to make our own lives better. because the solution is almost impossible to fix, even now we have to provide for ourselves and also take care of how self, everyone is now responsible for themselves.
Honestly, the economy is really getting worse every year now. I had hope before that it would get better, but from what I am observing now, I am just confused. The prices of things are really increasing each and every day. Where the economy is leading us now is beyond our understanding. After COVID-19, I was expecting things to get better, but as you said, that COVID-19 period was better than this. It’s true, but it seems that COVID-19 also played a serious part, as we continue experiencing this bad economy.Now, my country's economy is getting out of hand. People are finding it difficult to feed themselves. As the economy in my country worsens, even civil servants are turning into beggars because their salaries can no longer feed them, let alone solve other problems they have.
What do you guys think about it is there a big difference on our past and present economy?
Hmm, In my view we are in the worst era of the economies, you are saying people can go to school, eat food, and pay bills, bro are you serious I'm not sure from which country you are but if you look at the living expense vs the average earning here in Asian countries like Pakistan, Sri-Lanka, India almost 40% people cant afford the 2-time meal for themselves and their family. School haha I'm not sure where you've seen this information even in the 2020s people are forced to child labor.
you've mentioned something like even if they don't have a full-time stable job you can afford a standard of living, haha yup you can based on Youtube, TikTok, and freelancing income but that's not the success of an economy that's an individual success. Here more than 60% of workers are working 16 hours per day as GIG workers to afford their expenses and you are talking about affordance of food and paying bills.
I don't know why I'm rude but this system sucks rich ones are getting richer so that even their cats and dogs are living a life that 70% of the lower middle-class cant even dream to live.
There's a lot of pain in my heart for those who are near me and I cant do anything, except watch their struggle for life. The economy which is based on money against money can't change people's lives.
We can discuss more with references as well. But yup for sure in today's world, any skill and education can help you earn a living, so education needs to be free at least everywhere, and that will not be the success of the economy that will be the success of individuals struggle.
What do you guys think about it is there a big difference on our past and present economy?
I think there is no difference between past economy and present economy. Earlier people struggled for food and starved to death. But now while simplifying the food system we are spreading various diseases, as a result many people die due to lack of treatment. The difference between poverty in past and present economies is only demand. In the past the poor died for lack of food, today the poor die for lack of medical care (not primary care).
Electricity, petrol, groceries, everything has skyrocketed the past two to three years. Everything started going downhill with COVID-19 and the Ukrainian war, but from how I see things, corporations were just looking for a motive to bump up their prices. This, paired with a corrupt government that's funding the rich, keeps increasing the price of daily goods that were once considered cheap. Just a few days ago, over 900 medicines saw massive increases in price because they were "too cheap." But that's how Greek politics work—by messing with the lower and middle class.
The entire global media is highlighting the possibility of inflation due to the impact of Covid-19 and the Ukrainian war, the possible impact of inflation that occurs may not be as bad as the current economic conditions but we suspect that there are certain individuals involved who want to raise prices without caring about the conditions of the lower economic community who are struggling to meet their living needs in the midst of the current bad conditions, it is ironic to see the global economic conditions at their worst including the price of medicines, we hope the economy can recover soon from the impact of inflation. 
You can only speak about the economy of your location because, in some countries, the situation might be the opposite. In my country, the economy has become worse. I remember those days when there were foods/feed that were reserved for animals because we had enough supply of food. Currently, those foods are now consumed by even the middle class. It was difficult to hear news of people who died of hunger, but today thousands are dying because of starvation. The problem is the gap between the poor and the rich has widened, and the middle class is non-existent.
In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.
I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.
In fact, our world is getting better, not worse as many people think . But I feel like the gap between rich and poor is getting bigger, which is why many people feel like the economy is getting worse . Furthermore , it seems that the goods and products produced today are also more focused on serving the middle and upper classes rather than mass producing for the lower classes . Therefore , low-income people will feel their lives increasingly suffocated when earning money becomes very difficult due to competition while the prices of goods are too high compared to their income .
Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .
Jump to: