Topic: Do you feel that the global economy is declining? - page 2. (Read 1448 times)

Inflation is rising way faster than wage. Employers are being too greedy these days by laying off workers and paying less. It's this reason why the global economy is declining. Things will get even worse once AI takes over human jobs. That, combined with CBDCs, will rise poverty levels all the way to the moon.

I think it's already too late to fix the world. Not even Bitcoin can do anything about it. Who knows what the future holds for our society?

I totally agree with you, as far as the government are still in control of the major things we want in our lives, inflation will still be increasing daily, and the worst part is that, those people who complain most are the ones that is really supporting bad government when it comes to electing the new government without properly checking if they have the potential to be a good leader to his people before putting them to power, rather than putting them to power by what they said with their mouth because inflation is not something we can easily fight against instead we will adapt to it and try to work things right for our own benefits because the government can't really do enough for us because they also have families to counter for and leave the people to remain in suffering. So let's use our tongue and count our teeth.

Of course, the greatest authority lies in the hands of policy makers, in this case the government. The way to anticipate this is that they have actually simulated it with various policies, but its implementation also requires a process.

Let's take an example, one of the solutions is to increase people's income (wage level). Well, here there are quite a lot of items that need to be coordinated before it is decided to increase. The most important thing is that the government sets prices that are right, unchanging and popular. Those are 2 solutions that they must immediately complete as soon as possible.

The salary didn't hiked according to the inflation rate that is why we are facing difficulty to meet the same needs even with higher salary. Let's say your salary is $100K per annum but it was $80K 5 years ago so now let's say you want to buy a house or an apartment that is now $1M which was probably around $500K means now you need to spend 10 years of your salary to buy the house but earlier you need only 6 years of your salary and this is happening ever since the fiat isn't backed by gold reserves.

Companies are cutting cost there by reducing salaries to meet up with their production and running cost of the company but this is not applicable in all countries of the world, the problem many country is having now is their inability to take production of food serious, in the countries where I come from, there food scarcity as it stands, the poor are becoming poorer by the day, the price of good are very expensive to the level that if buy an item today go back tomorrow such item has risen beyond imaginable, life is very difficult here, no job, even people that are employed are losing their jobs because of one excuse or the other from the employers, the cheapest commodity thats is common in my country which is cassava flakes is one of the most expensive now and most annoying part of is that the government are doing nothing to solve this problem.

Currently the purchasing power is no longer enough to meetup with the present economic situation of most countries thats the economic reality, in conclusion many countries are trying to tackle this declination in their own way but some clueless leaders in some countries are facing this menace in the wrong direction which may cause further declining if further steps are not taken appropriately.

I think for the salary as long as we work, the amount increases, only the value continues to shrink when we spend on daily necessities. Now it is normal for the lower middle class to spend one month at least if alone it is $ 300 and if you have a family it can reach $ 600-700 and that figure is the exchange rate in my country and has my own house

For other countries, of course, it is also different, there will be many needs that may be far different from where I live.

Exactly. And now companies are threatening to use AI to displace workers from their jobs. They will be the ones that will ultimately benefit from such a move, while the rest will live their miserable lives in poverty. Talk about the rich becoming richer, and the poor, poorer.

Even Elon Musk predicted that AI will replace human jobs in the future. There will literally be no economy if something like this happens. With CBDCs right around the corner, we should expect the worst. May God help us all.

The salary is not lower than five years ago, maybe it could increase from before. The problem now is not the salary, but the price of basic commodities which has increased beyond the salary he receives. Previously, a $1k salary might have been enough to save some money, but now it's not even sufficient to buy basic necessities.

This condition can be caused by war in an area. However, this does not entirely happen because of war, but corruption within the country can also cause crises and other problems, namely the high debt of a country. To find solutions to all these problems, the country needs to increase prices of basic commodities, increase taxes, and so on.

But the government will not convey the full reasons for the increase in prices of basic commodities and the increase in tax value. The government will argue on one side, namely war. So that people can accept this reality easily.

I will not say that the global economy is declining because we are having a continuous flow of developments everywhere and there is improved innovations in technology inventions, all these are what we should be considering to know whether we are having a continuous economic development or not, what i can only deduce is the increased rate of inflation instead which is what is affecting every local economy activities and individuals.

There is like a US Congressperson from the Islands, and She was getting some Attention for Pretending that Rape is not Rape, so She Rode that Wave, and we could say that Others were kind of being Pushed into it at the same Time, it is kind of like they were doing Things like the Israelis who Survived Hamas on October 7th were calling "Choiceless Choices", so we maybe can't put all the Blame on her, she is just at the Center.

She was getting involved in Cryptocurrency at the same Time She was getting Attention, and She wanted to kind of use the Rape as a kind of "Sexy" aspect, like "People can Rape Women on the Islands", and She became involved in the Miami and El Salvador Bitcoin Conference.

And when this Happened, it is not her Fault, but at that Time, this kind of Scum Bag behavior, where You can't Trust someone alone in a Room with Your Wife, it Destroyed Cryptocurrency. All the Rape stuff completely Disillusioned Everyone, and the Disillusionment was away from Cryptocurrency, it become kind of something that was not Secure enough. And at the same Time Billionaires were taking out Loans to Buy Bitcoin, saying "If You don't have Good Credit, You are Shit out of Luck", and all at once, Bitcoin Dropped to $20,000 and They were the ones who were Shit out of Luck. They Learned that Cryptocurrency has nothing to do with Credit Scores, and they Learned that being a Meth Dealer is not Good for Business.

Some People didn't Learn. But in the Moment, a lot of People Learned a Hard Lesson.

El Salvador has since gotten VERY SERIOUS about Crime. They Learned.

But Bitcoin Dropped to $20,000 before Everyone Learned.

And that is why the Economy is Faltering.

Bitcoin is back above $50,000 but the Economy has not Corrected yet because of the COVID Money Inflation.

It's certainly a feeling you get when you realize how many bullshit jobs there are in the msrket, while in the same time the most listings on job sites are ghost listings... They just take your resume and never respond. Making you wonder why the listing existed in the first place.

Certainly democrats use that kind of in their advantage to say th y created jobs while in reality there's little to none of quality employment being created. It almost feels like in the slightest shakeup of the market millions of people will be let go. And on the other hand, companies don't care anymore. They conduct commerce among themselves. They don't mind if they let go of millions of consumers and they find themselves in ruin as individuals. Big corporations have already accumulated so much of the world's capital that they could be running on their cash reserves alone without any income for years and yet they keep cutting employment... It's a crazy market to be in.

You tell me about it bro.

One of the biggest determining factors whether a country's economy is failing or not is its ability to sustain micro-businesses and enterprises, in the country I live in (the Philippines), there used to be a lot of micro-retail stores (we call them sari-sari stores here which in English translates to variety stores due to the sheer amount of products they have and how accessible you can buy shit with just a single peso) but nowadays the only ones that remain up and running are those that have already established themselves in the community, enough to gain patrons, and even then I see that most of them have fallen short on the variety part of the equation, and are just selling the same old shit, sometimes even less than what they used to buy.

This isn't even the biggest determining factor of a declining economy even, salaries, high price of goods, the diaper and pizza theory, there's a plethora of standards out there that people used to check whether their economies are fucked over or not.

       -   The price of goods will not change; it will increase even more in the future, and I think that all countries are going through such a crisis in goods. Because here in our country,
there are no cheap commodities that can be bought; instead, everything is really high-priced. 

So, the only thing we can do as consumers is increase the source of income we have right now. Let's not expect the goods that we mainly use in our daily lives to decrease.
And we knew the reason behind this price increased, at should do something about this for us to more creative to find other source of earnings.

Exactly. The current state of the labor market, tells us how bad the situation is. Politicians and bankers will lie just to help ease off panic. But smart people know what's coming. I think this is all a plan for global reset. CBDCs will increase central banks' (and governments') power like never before. With that, they'll be able to control your entire financial life.

Paper money will be phased out whenever we like it or not. The economy will be "restored" until another "planned" crisis comes up again. I would've wished Bitcoin ruled the world. But I guess it's too late. We're living in uncertainty these days. Therefore, we can only hope for the best.

even increasing minimum salary is not really a solution to be honest, once government increases the salary by significant amount the price went up, inflation uncontrolled.
the best way is just to make quantity of commodities and food increases more than right now.
thats the difficult thing since doing that means more investment to the various sector that gonna requires massive resources.
regardless I agree that current salary increase just too small compared to inflation this causes purchasing power to plummet significantly.
if this goes on, people will eventually find themselves in situation where they could hardly afford monthly needs with current salary.

It is very unfortunate that this phenomenon continues to occur in this country, where previously middle class people were still free to save or carry out insurance for their families, now with inflation, the increase in basic commodities means that middle class people cannot be like before, I can't think about it in the next few years, Let's just see how the government of this country regulates its society so that everyone can still enjoy the pleasures of this beloved country.

Now it is not only the lower middle class who are affected by this inflation, it is the middle class who feel the impact of all of this, because the poor of course have received assistance from the government and the middle class have to struggle alone to face a complicated situation like this.

That's what he trying to say. The value of the salary now has gotten lower and the only way to deal with the rising cost of prices of bills and food expenses is to have an increase salary and at the same time, having another source of income.

But if you're not believing about salary decreasing, this can happen for someone who's in a bad position where their department is going to get dissolved and the company no longer need that employee.

However, as to keep that employee, they can offer other positions but with lower salary so, it's possible.

If someone lives in a country where expenditure is much higher than several other countries in the world, of course it will be quite difficult for him to fight inflation if his income in life is still quite small and unable to cover all the expenses he needs each month. And the only way to fight this is to find a way to increase his own income to a greater level so that the difficulties he faces can be slightly reduced by the burden he is carrying. Although in general this is still not enough if a person's income level is still not stable every month.

I don’t believe that an employee’s salary may decrease but it’s more on the rate will increase especially if you are doing excellent in your job title. Maybe you are trying to say that his salary now is likely struggling to cover all the bills and expenses due to rising prices of goods and services which I think is understandable due to rising inflation. Well, your friend is not alone, as I bet everyone here has experienced that. Having a side job is the key so that if your main job salary is not enough, you still have another job that you’ll expect to pay you.

In my country the salary is rising but a very small rise and still not enough because the basic necessities or goods are rising very bad it rises almost 75% of its normal price, the economy is i think declining and lost its balance high inflation kill the poor and the people who are in the middle status has severely affected, i hope the government will make a solution for this and increase the minimum salary to make it enough to buy the daily needs and pay daily expenses.