Difference between past and present economy, - page 4.

DrBeer

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Quote from: Helena Yu on August 28, 2024, 10:18:57 PM

It's the definition of evolving.

In the past, the poor was struggle to find something to eat, but now they can eat junk food or anything that can make them full even though it's not good for health.

In the past, middle class wasn't struggle to eat and they can go to school, but now they have secure high position in the company they work and they already have few assets.

In the past, the rich net worth was $1 Million, but now their net worth become $1 Billion.

Things getting better, but you should know that people around you are getting better too.

In order to understand where you get this vision from - tell me, if it's not a secret - what country are you from ?

I am not a resident of the US or EU (I am talking about the developed world), but I have friends there and the situation is different from what you describe....

Poor citizens receive both financial aid and social aid - from food and medical care to housing.

The middle class is the main layer of consumers. And they spend money the same way they spend money. On food, education, entertainment, vacations,..... The middle class also owns major assets - residential real estate, savings, stocks.... Not all of them, of course, but many.

The size of capitals has changed, because in the modern world it is easier to earn money. And let's not forget about inflation after the mass of global turmoil of the last 10 years.

ethereumhunter

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The situation is almost the same although some aspect is grow better than in the past. People can gets better school, food but they need to struggle to survive because this present harder than the past. Although people can get better situation than in the past, the price for each product is also increase and that makes people needs to make more and more money to buy it. People nowadays also feels difficult to get a work or buy food so that makes them become homeless. This number can increase when situation in the country becomes difficult and they are difficult to get their primary things.

Education can be found in every where not just in formal institution because in some country, that will be cost too high but parents in that country make sure their children can get what their parents can not get. The economy still hard for those who can not compete with others and they willing to accept their situation because they realizes that they can not get better but other people who are in the same situation still trying to have a better life. That depends on each people how they want to change their life to be better than before.

Majestic-milf

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Your observations are a bit faulty if I may say. Back then, the only thing you could differentiate a poor man from one who is rich is education. And by education I mean formal education because those who you regard as poor could afford three square meals and it's often healthy that's why you see them lead healthier and longer lives unlike now where even the middle class if care's not taken could be regarded as poor because the cost of things.
Another thing is, back then prices weren't as inflated as they are now and you can get quality products but these days, things are so high and the products don't live up to expectations ( this observation is as a result of where I'm from).

Justbillywitt

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Quote from: rhodelmabanal on August 28, 2024, 08:39:21 PM

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?

It depends on your country of residence or how things are in your region. There are still poor people out there that are struggling to feed themselves, have a good shelter to stay or afford a good medication. I think anyone who can eat whatever they want to eat, go to school and sustain the bills and everything that comes with it is no longer poor. Although the person might not be that rich to the point that they will be flaunting flashy things, but they are not poor. In my country, there are still many people who are finding it very difficult to feed, not to even talk of going to school. Inflation is so high that people are wishing that we go back to the old days when the economy was much better. There are some countries where their old economy is far better than the present economy. The old economy brought many people out of poverty and they saw food to eat and got other things easily. Their living conditions were better back then than now. So it all depends on how your economy is working over there, but here our present economy is worst than our previous economy. People are struggling now to survive than we were doing back then.

stompix

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Quote from: Yucky on August 29, 2024, 01:15:40 AM

the difference is too obvious and contrary to what you said, the economy and the living standard of people is even getting worse by the day.

Bs! Sorry but this is BS!
Poverty now can't be compared to poverty one century ago!

People often brag about how they could afford this and that and forget what you actually had before, a crappy house, crappy car, maybe a tv or something and forget about the rest, not having a smartphone or air conditioning makes you poor! Take the US housing statistics about the size of home:
1920: 1,048 square feet
1970: 1,500 square feet
2014: 2,657 square feet

The median house was two and half sizes smaller then and the families were twice as much in size, people were living in 20sqm per capita now they have 60 on average. The number of families without cars went down by 15% in 50 years, the number of families with a second car went up by 36%.

Living standard is going down by the day? Let'stake the poorest region of the world:
https://www.statista.com/statistics/1076271/life-expectancy-africa-historical/
Africa's life expectancy was 42 years in the 60's, it's now 64 years!

Oh, we have 10% -205 inflation and it's the end of the world, hell I've lived through 100% in the 90s and if we compare the living standard from your average east European it's like rushing in 30 years from the Iron Age to the Renaissance!

Darker45

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I guess life has improved in general. New technologies have been developed. As a result, mass production has become a thing. Resources are now easily exploited. Everything is now available everywhere. The world is becoming a single community. Trades routes are opened and goods are easily flowing in and out of every country. In other words, the times have changed.

Surely, however, there are trade-offs. Emerson once noted that "society never advances. It recedes as fast on one side as it gains on the other."

Lida93

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Quote from: rhodelmabanal on August 28, 2024, 08:39:21 PM

What do you guys think about it is there a big difference on our past and present economy?

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.

Yucky

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Quote from: rhodelmabanal on August 28, 2024, 08:39:21 PM

What do you guys think about it is there a big difference on our past and present economy?

the difference is too obvious and contrary to what you said, the economy and the living standard of people is even getting worse by the day. For most rural setting, maybe in the past, education wasn't a problem but food was never a big issue for them and most of the natural resources that are present weren't discovered yet. Should we be comparing ourselves to the people who lived in the past knowing that we have better resource and better systems that will help us live a better life than them?

Even though most of them didn't have to go to school, they could still find a good means of feeding thier families that doesn't require a formal education. Can we say that such is the case with today's society? You need education for you to be relevant at almost all the things you're doing. And when you can't afford to get the best education due to the bad economy, it goes to affect your finance, family and how the society even views and relate with you.

Helena Yu

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It's the definition of evolving.

In the past, the poor was struggle to find something to eat, but now they can eat junk food or anything that can make them full even though it's not good for health.

In the past, middle class wasn't struggle to eat and they can go to school, but now they have secure high position in the company they work and they already have few assets.

In the past, the rich net worth was $1 Million, but now their net worth become $1 Billion.

Things getting better, but you should know that people around you are getting better too.

rhodelmabanal

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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.

What do you guys think about it is there a big difference on our past and present economy?

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