Do you feel that the global economy is declining? - page 2.

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Quote from: Assface16678 on April 24, 2024, 07:12:50 PM

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

People in the third world or poor countries will feel this most clearly. Wages do not increase much while commodity prices increase day by day, making people's lives increasingly difficult. But one thing we need to realize is that the government won't be able to improve anything, they don't have any solutions for that so what we can do is adapt to them. By all means, we must find additional sources of income, otherwise we will be eliminated from this harsh society. Save yourself, don't rely on the government.

If a country's government and system of government is dictatorial or corrupt and not accountable, then that government cannot ensure development for the country and its people. But it is also an eternal truth that the awareness of the citizens of the country is very important for the ultimate and lasting development of any country. In other words if everyone has an additional source of income other than their main source of income then maybe the standard of living of everyone will improve and the economic status of the country will change significantly. But if the country's economic policies are not strictly implemented and controlled, then at the end of the day it will not bring benefits to the country and the people. Therefore in my opinion the country's government system and self-awareness are both very important for the development of the country's economic condition.

Of course, the government plays an important role in determining that country's economy, people cannot do anything else if the government still refuses to change policies to change the country's situation. But if we wait and believe in the government's false promises without saving ourselves first, I think we will be eliminated from this life before the government does what it promises. Without the government's help, we will face many difficulties, but that does not mean we should just sit and wait for the government to save us without doing anything. Try every possible way to save yourself first instead of sitting around and doing nothing.

Exactly! With current situation right now in global economy or in your own country economy we cant solely rely on government yes they maybe doing something in order to help us but the thing is inflation rate or anything that could make our lives hard is inevitable, so its ab indication that we people as an individual should be the one that will make our lives better, or in order to survive in every daily basis, what I mean is that if you kmow your salary is not enough for you and your family and it is not enough for you to buy what you want and needs then you should do something, something that could maake you have extra income, for example doing investments or business, simple mske use of your intellectual or your talent in something, I'm sure all of us has its own talents and capability, make use of that in order to earn money in that way you will mot rely on government and wait for their promise that they will make the lives of its citizen better.

Government handouts in this economy? Forget it. Inflation's a monster, eating your money for breakfast. But waiting around? That's a loser's game. We do things differently.

The truth is, you've got the potential for greatness. Skills, ideas, whatever; that's your goldmine. Turn it into something real; side hustles, smart investments, maybe your own business. This is how you make it, not with your hand out. I know it's tough. But easy doesn't build empires. Stepping up, pushing yourself, that's where the true power lies.

Waiting on the government? Waste of time. What do YOU love? What are YOU driven to do? Figure that out, hone it, and we'll build financial security ourselves. Because at the end of the day, true freedom comes from knowing you made your own success. Isn't that the American dream, the human dream, after all?

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Quote from: Smack That Ace on April 24, 2024, 08:44:07 AM

Of course, the government plays an important role in determining that country's economy, people cannot do anything else if the government still refuses to change policies to change the country's situation. But if we wait and believe in the government's false promises without saving ourselves first, I think we will be eliminated from this life before the government does what it promises. Without the government's help, we will face many difficulties, but that does not mean we should just sit and wait for the government to save us without doing anything. Try every possible way to save yourself first instead of sitting around and doing nothing.

Governments are powerful but not all-powerful, whenever there is a disaster of some sort, people always think that the governments must do something, however the one that really has the most power over your life and current circumstances is yourself.

So if you find yourself in a difficult economic situation then you need to do what you can to get out of it on your own, since by the time you could receive the help of the government, it could be too late already, so there is no point waiting for a help that may come late or it may never come.

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Quote from: Smack That Ace on April 24, 2024, 08:44:07 AM

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Quote from: Smack That Ace on April 23, 2024, 06:44:18 AM

Quote from: Strongkored on April 23, 2024, 04:05:05 AM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

People in the third world or poor countries will feel this most clearly. Wages do not increase much while commodity prices increase day by day, making people's lives increasingly difficult. But one thing we need to realize is that the government won't be able to improve anything, they don't have any solutions for that so what we can do is adapt to them. By all means, we must find additional sources of income, otherwise we will be eliminated from this harsh society. Save yourself, don't rely on the government.

If a country's government and system of government is dictatorial or corrupt and not accountable, then that government cannot ensure development for the country and its people. But it is also an eternal truth that the awareness of the citizens of the country is very important for the ultimate and lasting development of any country. In other words if everyone has an additional source of income other than their main source of income then maybe the standard of living of everyone will improve and the economic status of the country will change significantly. But if the country's economic policies are not strictly implemented and controlled, then at the end of the day it will not bring benefits to the country and the people. Therefore in my opinion the country's government system and self-awareness are both very important for the development of the country's economic condition.

Of course, the government plays an important role in determining that country's economy, people cannot do anything else if the government still refuses to change policies to change the country's situation. But if we wait and believe in the government's false promises without saving ourselves first, I think we will be eliminated from this life before the government does what it promises. Without the government's help, we will face many difficulties, but that does not mean we should just sit and wait for the government to save us without doing anything. Try every possible way to save yourself first instead of sitting around and doing nothing.

Exactly! With current situation right now in global economy or in your own country economy we cant solely rely on government yes they maybe doing something in order to help us but the thing is inflation rate or anything that could make our lives hard is inevitable, so its ab indication that we people as an individual should be the one that will make our lives better, or in order to survive in every daily basis, what I mean is that if you kmow your salary is not enough for you and your family and it is not enough for you to buy what you want and needs then you should do something, something that could maake you have extra income, for example doing investments or business, simple mske use of your intellectual or your talent in something, I'm sure all of us has its own talents and capability, make use of that in order to earn money in that way you will mot rely on government and wait for their promise that they will make the lives of its citizen better.

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Quote from: MissNonFall9 on April 23, 2024, 11:35:09 AM

Quote from: Smack That Ace on April 23, 2024, 06:44:18 AM

Quote from: Strongkored on April 23, 2024, 04:05:05 AM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

People in the third world or poor countries will feel this most clearly. Wages do not increase much while commodity prices increase day by day, making people's lives increasingly difficult. But one thing we need to realize is that the government won't be able to improve anything, they don't have any solutions for that so what we can do is adapt to them. By all means, we must find additional sources of income, otherwise we will be eliminated from this harsh society. Save yourself, don't rely on the government.

If a country's government and system of government is dictatorial or corrupt and not accountable, then that government cannot ensure development for the country and its people. But it is also an eternal truth that the awareness of the citizens of the country is very important for the ultimate and lasting development of any country. In other words if everyone has an additional source of income other than their main source of income then maybe the standard of living of everyone will improve and the economic status of the country will change significantly. But if the country's economic policies are not strictly implemented and controlled, then at the end of the day it will not bring benefits to the country and the people. Therefore in my opinion the country's government system and self-awareness are both very important for the development of the country's economic condition.

Of course, the government plays an important role in determining that country's economy, people cannot do anything else if the government still refuses to change policies to change the country's situation. But if we wait and believe in the government's false promises without saving ourselves first, I think we will be eliminated from this life before the government does what it promises. Without the government's help, we will face many difficulties, but that does not mean we should just sit and wait for the government to save us without doing anything. Try every possible way to save yourself first instead of sitting around and doing nothing.

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COVID19 had a very big effect on the global economy, Les we for during that period many country economy was already experiencing problem before COVID hit very hard and it happened very sudden, what some countries are facing today is as a result of the consequences of COVID, this is really a big issue and it will take a strategic plan from a good economic team to solve this kind of problem that is been faces by the world, another problemost countries are encountering today is bad leadership, th government of many country has failed to come open to tell their citizens the truth,mainly African countries, many African countries are experiencing food shortage and scarcity because their government refuse to do the needful, so for me the global economy is declining though many countries has been trying not to allow it to excalate to failed level.

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Quote from: Smack That Ace on April 23, 2024, 06:44:18 AM

Quote from: Strongkored on April 23, 2024, 04:05:05 AM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

People in the third world or poor countries will feel this most clearly. Wages do not increase much while commodity prices increase day by day, making people's lives increasingly difficult. But one thing we need to realize is that the government won't be able to improve anything, they don't have any solutions for that so what we can do is adapt to them. By all means, we must find additional sources of income, otherwise we will be eliminated from this harsh society. Save yourself, don't rely on the government.

If a country's government and system of government is dictatorial or corrupt and not accountable, then that government cannot ensure development for the country and its people. But it is also an eternal truth that the awareness of the citizens of the country is very important for the ultimate and lasting development of any country. In other words if everyone has an additional source of income other than their main source of income then maybe the standard of living of everyone will improve and the economic status of the country will change significantly. But if the country's economic policies are not strictly implemented and controlled, then at the end of the day it will not bring benefits to the country and the people. Therefore in my opinion the country's government system and self-awareness are both very important for the development of the country's economic condition.

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Quote from: Smack That Ace on April 23, 2024, 06:44:18 AM

Quote from: Strongkored on April 23, 2024, 04:05:05 AM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

People in the third world or poor countries will feel this most clearly. Wages do not increase much while commodity prices increase day by day, making people's lives increasingly difficult. But one thing we need to realize is that the government won't be able to improve anything, they don't have any solutions for that so what we can do is adapt to them. By all means, we must find additional sources of income, otherwise we will be eliminated from this harsh society. Save yourself, don't rely on the government.

This is exactly what we need to do, believe it or not, those in government are just fooling us so it's better that we put ourselves first because nothing will happen if we continue to rely on what they do, we are the one who will adjust to what is happening because if we don't prioritize ourselves, we will be left behind. Yeah right, the only thing that we can do is to adapt the changes and just go with the flow.

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Quote from: Strongkored on April 23, 2024, 04:05:05 AM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

People in the third world or poor countries will feel this most clearly. Wages do not increase much while commodity prices increase day by day, making people's lives increasingly difficult. But one thing we need to realize is that the government won't be able to improve anything, they don't have any solutions for that so what we can do is adapt to them. By all means, we must find additional sources of income, otherwise we will be eliminated from this harsh society. Save yourself, don't rely on the government.

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

If the salary he gets is lower than five years ago then he has to look for another job whose salary can meet current needs, but I guess that what is meant by lower than five years ago is the value, not the amount, and that is the result of inflation so over time It will be increasingly difficult for people to meet their basic needs if their income is fixed or the increase is not commensurate with the increase in inflation.
Your colleague needs additional income and is starting to plan investments so that the increase in groceries doesn't make it difficult for him to keep buying them, and it cannot be denied that those who live in poor or developing countries have difficulty increasing their income because of limited job opportunities.

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

In my country the salary is not lower it is rising, but the price of goods is also rising 65 to 75% of its price five years ago. That is why even if the salary is rising the salary is still short to support the needs of the family almost every year the price of goods is rising but the salary is not so poor will become very poorest.

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

In my country and experience salaries have increased but are still lagging behind inflation and rising prices.

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Quote from: _BlackStar on April 22, 2024, 03:31:05 PM

Quote from: Reatim on April 20, 2024, 05:54:11 PM

Quote from: Cryptoprincess101 on April 19, 2024, 11:19:45 AM

-snip-

So many goods are now x much more expensive than they were before yet we are still stuck with the same salaries.

I really want to say that it's not something that many people want - but it can't be helped, that's the reality they have to accept. Of course there is still an opportunity to increase their income level if they are interested in business and investment - however, most employees are those who are too absorbed in their comfort zone and find it difficult to consider risks.

There is no room for improvement if they don't want to move forward and accept risks - if they are only busy with their comfort zone, then real difficulties will await in old age. Businesspeople are those who have good hopes for the future, especially in preparing for their old age without having to work - but employees always find it difficult to get that if they don't have a side business.

Not everyone may have the opportunity to increase their income. Therefore, the fact that salaries do not increase, but product prices increase, reduces the living standards of many people. The failure of states to prevent this puts these people in a difficult situation.

Some people who have the capacity to invest do not prefer to take risks and try to live on their salaries. I'm not criticizing what these people do because they have the possibility of losing their money in risky markets. That's why these people do not prefer to invest in the risky market, and as the economy deteriorates, the purchasing power of their salaries decreases. There may be different ways to deal with this situation, but getting out of your comfort zone may not be as easy as you think.

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Quote from: Reatim on April 20, 2024, 05:54:11 PM

Quote from: Cryptoprincess101 on April 19, 2024, 11:19:45 AM

-snip-

So many goods are now x much more expensive than they were before yet we are still stuck with the same salaries.

I really want to say that it's not something that many people want - but it can't be helped, that's the reality they have to accept. Of course there is still an opportunity to increase their income level if they are interested in business and investment - however, most employees are those who are too absorbed in their comfort zone and find it difficult to consider risks.

There is no room for improvement if they don't want to move forward and accept risks - if they are only busy with their comfort zone, then real difficulties will await in old age. Businesspeople are those who have good hopes for the future, especially in preparing for their old age without having to work - but employees always find it difficult to get that if they don't have a side business.

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Quote from: Cryptoprincess101 on April 19, 2024, 11:19:45 AM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

I am yet to comprehend what you said about your friend because is it that the amount he earns is no longer enough to Carter for his daily expenses? If his salary is lower than it was 5 years ago that should imply that the cost of living has reduced as well because I don't see any reason why a government, individual or organization will reduce the salary of it's worker even when the cost of earning a living is very difficult in such a country. Maybe you should have given a proper and more comprehensive information about what you said

There’s so many ways to understand what op said.

Do they still have the same job after 5 years or did they get demoted or did inflation strike as harder as we would have liked and now even though we have the same salary, it has less purchasing power? Either way I can feel that way too.

So many goods are now x much more expensive than they were before yet we are still stuck with the same salaries.

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Quote from: CageMabok on April 20, 2024, 03:40:44 PM

Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

In fact, what makes salaries smaller is because of the increase in the price of goods that has occurred at this time so that many people feel that their salary has been reduced at this time and have to find another job to support their own income at this time. So that everyone should not complain about any conditions other than having to keep trying in other, more different ways so that they can face the current conditions of increasing prices of goods.

And this is the very reason why aside from your major income earner, one has to find alternatives or other sources of income. It is up to you also on how you will manage your finances. If you think you need to tighten your budget, then, don't buy unnecessary things. Stick to your plans. You can always buy what you want if you have extra money.

Below are just few simple tips to survive in this economic challenge -
> Pay your monthly bills, don't delay as it may incur further charges
> Don't take a loan, if you don't need it (do take note of the interests involved)
> Use public transport as much as possible
> Make your own meal
> Live simply, don't buy extravagant/unnecessary items
> Tend your own garden, even a small/terrace-type one
> Practice de-cluttering, sell things that you feel you don't need anymore

CageMabok

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

In fact, what makes salaries smaller is because of the increase in the price of goods that has occurred at this time so that many people feel that their salary has been reduced at this time and have to find another job to support their own income at this time. So that everyone should not complain about any conditions other than having to keep trying in other, more different ways so that they can face the current conditions of increasing prices of goods.

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

It can actually happen, but it will be due to the place of his work, or, as a result of the work load, maybe the quantity of the job he was doing before has been reduced, or the organization or company where he is working has a drop in their revenue as before, which, as a result of that, will make them reduce their worker, or rather reduce the payment of their worker's salaries. so that they can sustain their business, which is caused by inflation, and the high cost of goods can affect both the worker and the owner of the business.

So I can classify this as a result of the inflation that is affecting the country, which also has a solution that will help you tackle the problem of the inflation because, for the companies, they will have to negotiate with the supplier so that they will find a sweet-able price of their commodity in order to sell it to consumers, and for the workers, their solution will be to look for another source of income or just to have a meeting with the manager of their workplace to get more allowances in order to be able to afford the goods they need in the market.

harapan

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Quote from: legendbtc on April 18, 2024, 06:17:02 AM

Quote

Do you feel that the global economy is declining?

It's not that the global economy is in recession, it's that this has been going on for hundreds of years, and has never stopped. I mean recessions will still happen even when we think we are living in prosperous economic times. Inflation will never stop because the government will always continue to print money and distribute it to the economy. But most don't realize and don't care about this until things get worse and more than they can bear. If there are no preventative measures or solutions for your economy, 5 years from now you will see it will be worse than it is now.

Additionally,there seems to be no remedy to recession.Recession has been on for years now and we've all survived it in diverse ways.Recession could end but it takes times for a country to recover from her losses and economic slumps.

Normally,recession is a significant decline in economic activity across different sectors that lasts for several or more months,which in turns slows the economic growth and impede the country's resources and penetrate individuals livelihood.
The future continues to depicts that there are greater chances of going into recession but its relatively not important,just sort out preventative measures appriopriately.

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Quote from: shield132 on April 20, 2024, 09:21:31 AM

Quote from: NeuroticFish on April 19, 2024, 03:01:41 PM

But the signals I've read here and there about the industries are better than in the last 2-3 years, quite some businesses seem to be recovering. And that would be the opposite of decline, even though it needs more time on this trend in order to gain the so needed confidence.

In my country, businesses are doing way better today than they were doing years ago but their appetite went up and they want to keep as much profit as possible. I mean that if business owner is a pig, even if it recovers, it wont care about employees because it senses that profit is increasing and his own appetite should grow big.

That's 100% correct. Just then the correct way to put it is that common mortals like us get less fiat for same work and our life is getting more difficult(*), not that the world economy is declining, isn't it?

(*) of course, Bitcoin fixes this and the usual morale is that we should still stack sats as long as we can

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Quote from: shanhaigamefi on April 18, 2024, 04:34:07 AM

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.

Of course it is. The largest factor is decrease in population rising rate.
Our economy is designed considering an increase on demand for everything be it product or services. Every company compared their yearly finance looking for growth. That was all good considering the rapid pace the population was rising. The demand for smartphone is an indicator how large the demand of a new tech was for the growing population from 6 billion to 8 billion. Now the demand has halted. People use a smartphone for years and if it's working, there are people willing to buy it second hand.
The population of the world is rising but at a very slower place, the growth too are in poor and conflict zones where people still lacks capacity to buy stuff. When there's no demand of product and services, there are lesser jobs and with more competition, lesser wages.

Topic: Do you feel that the global economy is declining? - page 2. (Read 790 times)