Do you feel that the global economy is declining? - page 4.

iv4n

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Quote from: justdimin on May 11, 2024, 03:28:23 AM

This is basically the way that we are forced to do but shouldn't be the case if you look at the history. Even the slaves that worked in the pyramids got paid more than some people in the world, and by some I mean a few billion people are getting paid less than those people these days.

I have to say that if we are forced to work at two jobs, that means that we are going to be forced to work three jobs eventually, or eventually we are going to be told that living in a house alone or just one family is a luxury that you shouldn't do and you should all be living in apartment complexes, and they will cram all of us in the same place, and they will tell us meat is not a must and we can just eat chicken, or they will... basically they will make us do worse and worse stuff.

They do not force us to do anything, we accept everything that is served to us... maybe there is a choice, but mostly that choice is reduced to choosing between many bad choices. It's a system, we are still slaves in a way, not like 1000 years ago, we are not chained, but we depend on money, there's never enough money and that puts us in a tricky situation.

It is a contradiction, the global economy is not in decline, but the gap between the rich and the poor is bigger than ever. While it is difficult for many to push through the month, some people prosper and have more money than ever. I guess it's all a matter of perspective, but for sure not everyone can advance in this world, it's individual... some people are going up and some are going down.

doomloop

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Quote from: Riginac111 on May 09, 2024, 04:42:18 PM

Quote from: shanhaigamefi on April 18, 2024, 03:34:07 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.

that is why it's not good to depend on monthly salary if you are working and you are earning money monthly you have to diversify your source of income so that when economy of your country is rough you can survive through different ways because many people who depend on monthly salary do suffer when they country is not balanced myself I have different investment have that used to sustain me since I was born I've not done a government work before or based on monthly salary to take care of my needs and want.

I think it's not the fault of our salary or not having a multiple income stream but the problem is about the inflation and its rising rates. We don't want this to happen either because we know that it will only going to affect us negatively but it can be the result of greedy actions made by the people who are more higher than us. You know, the banks and governments for example. But since it is already there and it seems there is no stopping them anymore, the only thing that we can do is to follow your suggestion there. The last thing that you have said is only a bit exaggerated to me and it already sounded like you are boasting already. Sorry about that.

justdimin

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Quote from: dezoel on May 10, 2024, 04:39:31 AM

Quote from: |MINER| on May 03, 2024, 11:17:08 AM

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form. Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget. The problem is seen in almost every country in the world

Creating multiple income streams is the only solution for this because governments don't work to reduce inflation and the people of their countries are left to suffer, that's why, everyone will have to find ways for them to survive in such economic conditions. I know it's not easy because not everyone has got enough opportunities and abilities to be able to have multiple sources of income but we don't have a choice, do we?

The world is turning into a place where only the rich can survive which is unfortunate. People who are not financially stable will always have a hard time living their lives because they will barely be able to earn enough money to fulfil the basic requirements of their household, savings and other stuff are impossible things for them.

This is basically the way that we are forced to do but shouldn't be the case if you look at the history. Even the slaves that worked in the pyramids got paid more than some people in the world, and by some I mean a few billion people are getting paid less than those people these days.

I have to say that if we are forced to work at two jobs, that means that we are going to be forced to work three jobs eventually, or eventually we are going to be told that living in a house alone or just one family is a luxury that you shouldn't do and you should all be living in apartment complexes, and they will cram all of us in the same place, and they will tell us meat is not a must and we can just eat chicken, or they will... basically they will make us do worse and worse stuff.

erep

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Quote from: Antotena on May 10, 2024, 03:28:47 PM

That means his barely surviving. Let's say his salary back then 5 years ago was $2000 after tax and was leaving an average life, no struggle to pay bills but today, the salary he earns is now $1300 after tax and the price of goods and services has 2x from five years ago, that means the money he is been paid at work wouldn't be able to pay up his bills and would probably be having outstanding payment or have loan to cushion his bills.

The amount of salary he receives after tax cuts is getting lower, that is an unfair decision from where he works because the economic conditions of the impact of inflation have had an impact on increasing prices of goods and services, he should receive a salary without high tax cuts and so that the amount of salary he receives is appropriate based on the minimum salary rates in the current era.

Quote

It's either your colleague step up his hustling spirit and have a side gig to complement the salary or he should write applications to other places to get a job that will give him higher pay, she shouldn't quit though because that would be one of the worse decision he would probably make in this hard times.

If your colleague is already tied to a previous job, it will be difficult to find other income opportunities from side jobs, because we cannot manage the time to work optimally unless you have to take advantage of Saturday and Sunday holidays to focus on online work which can add additional income, but other physical work is impossible to do because you also need time off from office work.

Captain Corporate

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Things are going a little worse these days, I feel like we should consider the situation we are in right now as something that we can handle at the moment and do not need to worry, but then things went a lot worse. I have tried to keep it going for as long as I can without getting in too much of a trouble, but lately there are a lot of troubles that are getting worse and worse. I am trying my very best, I am working at my job all day everyday, and technically speaking I have two jobs (campaign money is also an income of course but not sure if its a "job") and in the end, it has been getting worse. Plus, I haven't found any campaigns to enroll for the past 4-5 months so it is getting a lot worse, I hope things get better eventually.

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Quote from: shanhaigamefi on April 18, 2024, 03:34:07 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.

That means his barely surviving. Let's say his salary back then 5 years ago was $2000 after tax and was leaving an average life, no struggle to pay bills but today, the salary he earns is now $1300 after tax and the price of goods and services has 2x from five years ago, that means the money he is been paid at work wouldn't be able to pay up his bills and would probably be having outstanding payment or have loan to cushion his bills.

It's either your colleague step up his hustling spirit and have a side gig to complement the salary or he should write applications to other places to get a job that will give him higher pay, she shouldn't quit though because that would be one of the worse decision he would probably make in this hard times.

Abiky

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Quote from: shanhaigamefi on April 18, 2024, 03:34:07 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 I do. The rising cost of goods and/or services have severely impacted the lives of many people. This is all because of inflation. Unnecessary wars between countries, rising geopolitical tensions, and the COVID-19 pandemic's disruption on the global supply chain are having a profound effect on the global economy.

Central banks won't be able to do anything about it if inflation keeps spiraling out of control. What they can do is "reset" the economy by launching their very own digital currencies. And that my friend, will happen faster than you can imagine. Governments and central banks will have more control/power over the economy han ever before. It will mark the end of paper money and privacy for good. One would hope things get "back to normal" soon. As long as there's world peace, there should be nothing to worry about. Cheesy

CageMabok

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Quote from: TEBTC on May 08, 2024, 03:13:09 PM

The truth of the matter is that the economies all over the world 🌍 are experiencing decline or problem this is due to the rise in population as we have scar's resources with too many people relying on it
And again government need to come up with new strategies to solve the economic problems of the world because every year inflation is always on the rise but the salary structure is still the same

The increase in population with limited resources is indeed a bit more complicated for the government to solve if everyone's salaries still look the same, but that doesn't mean it can't be solved. Because the government is only trying to maintain the economic sector by not increasing the prices of goods that are often needed by the people and also by ensuring that raw materials that are often used by factories do not become scarce. Because scarcity of an item will always cause the price to increase if there is still quite a lot of demand.

And when all parties have to fight inflation every year, of course this will also encourage everyone to have new skills in order to earn more income so that everyone does not really feel the effects of inflation. Because without increasing skills and income in life, it will always be difficult for everyone to fight inflation, including the government.

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Quote from: shanhaigamefi on April 18, 2024, 03:34:07 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.

Well, using the present situation in my own country as a reference, I will completely agree that what your colleague told you is absolutely true, actually, you did not say or mention the country you are from, but over here, things have become really worst and unbearable for many, price of things in the market have increased for more than 300 percent for each, for some items, most especially the ones that are being imported into the country, those ones have increased like more than 500 or 600 percents as a while of our local currency losing value against the dollar, and yet, workers salaries have remains the same for all of this months this has happened, a 50kg bad of rice is now sold 5x to 6x more than it was sold 2 years ago.

If the way things are in my country is the same way it is for all other countries and the world at large, then indeed, the world economy is gradually collapsing.

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Quote from: dezoel on May 10, 2024, 04:39:31 AM

Quote from: |MINER| on May 03, 2024, 11:17:08 AM

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form. Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget. The problem is seen in almost every country in the world

Creating multiple income streams is the only solution for this because governments don't work to reduce inflation and the people of their countries are left to suffer, that's why, everyone will have to find ways for them to survive in such economic conditions. I know it's not easy because not everyone has got enough opportunities and abilities to be able to have multiple sources of income but we don't have a choice, do we?

The world is turning into a place where only the rich can survive which is unfortunate. People who are not financially stable will always have a hard time living their lives because they will barely be able to earn enough money to fulfil the basic requirements of their household, savings and other stuff are impossible things for them.

I agree with you, other than finding ways to create multiple sources of income, we have no better solution to fight inflation today. But blaming the government for not making efforts to reduce inflation is not correct, there are still many governments trying their best but sometimes it is beyond their control. How can small countries avoid inflation while big countries are trying to export inflation? In addition to domestic factors that cause inflation to increase, you also need to know that external factors also have a significant impact and are beyond the government's control.

The rich will also face inflation if they cannot maintain their wealth, so they are also trying every day. And if we don't want to be eliminated or killed by inflation, we should try to rise up and not blame the rich and the poor here. Because no one prevents us from becoming rich, and whether we can become rich or not depends entirely on our bravery.

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Quote from: |MINER| on May 03, 2024, 11:17:08 AM

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form. Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget. The problem is seen in almost every country in the world

Creating multiple income streams is the only solution for this because governments don't work to reduce inflation and the people of their countries are left to suffer, that's why, everyone will have to find ways for them to survive in such economic conditions. I know it's not easy because not everyone has got enough opportunities and abilities to be able to have multiple sources of income but we don't have a choice, do we?

The world is turning into a place where only the rich can survive which is unfortunate. People who are not financially stable will always have a hard time living their lives because they will barely be able to earn enough money to fulfil the basic requirements of their household, savings and other stuff are impossible things for them.

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Quote from: shanhaigamefi on April 18, 2024, 03:34:07 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.

that is why it's not good to depend on monthly salary if you are working and you are earning money monthly you have to diversify your source of income so that when economy of your country is rough you can survive through different ways because many people who depend on monthly salary do suffer when they country is not balanced myself I have different investment have that used to sustain me since I was born I've not done a government work before or based on monthly salary to take care of my needs and want.

TEBTC

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The truth of the matter is that the economies all over the world 🌍 are experiencing decline or problem this is due to the rise in population as we have scar's resources with too many people relying on it
And again government need to come up with new strategies to solve the economic problems of the world because every year inflation is always on the rise but the salary structure is still the same

moneystery

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Quote from: |MINER| on May 03, 2024, 11:17:08 AM

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form. Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget. The problem is seen in almost every country in the world

i can say that this is true. in the past, 200 usd a month was enough for me, where i could buy bread, meat, milk, etc., but now with 300 usd it is quite difficult for me to manage it for my various needs, and this is getting worse with increasing costs. electricity and internet bills at my house.

inflation is really worrying now, but the government seems to be still very busy with their political agenda, so they ignore this serious problem. i don't know how long this condition will last, but hopefully my income can increase in the future, so that my life will not be too difficult.

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The global economy is currently facing challenges & uncertainties which have led to a slowdown in growth rates. The situation differs across countries & sectors. Trade tensions, geopolitical issues & the COVID-19 pandemic have contributed to economic fluctuations. While some countries may be experiencing a decline others may be showing signs of recovery. The global economy is facing headwinds but the extent of decline varies & is subject to ongoing developments & policy responses.

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Quote from: bitgolden on May 05, 2024, 08:35:22 AM

Having bad results give or take during this period is not really that shocking, world is coming out of a pandemic period, recovering from that can't be too quick. Everyone assumes that just because it got "little" bit better, they assume that it could be much better, but what we do not realize that is that for a whole year it was just locked business who didn't do well, and for two years it was not financially good, which means that we have a lot of time to recover and a lot of stuff to handle before we are back to where we were.

I think people are reacting to all of this like they think we could do fine right away, that is not possible and should be considering how we could do better later on. Just assume that it will take some time.

Assuming there is enough time for all of those businesses and people to recover, after all even if the pandemic has officially ended, it did not took long for two wars to start, and those conflicts created once again uncertainty on the markets and affected the lives of many people as well.

So not only the world economy has not recovered, it is even possible it could get worse, and if that were to happen, I do not know how long people could endure their difficult situation.

bitgolden

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Having bad results give or take during this period is not really that shocking, world is coming out of a pandemic period, recovering from that can't be too quick. Everyone assumes that just because it got "little" bit better, they assume that it could be much better, but what we do not realize that is that for a whole year it was just locked business who didn't do well, and for two years it was not financially good, which means that we have a lot of time to recover and a lot of stuff to handle before we are back to where we were.

I think people are reacting to all of this like they think we could do fine right away, that is not possible and should be considering how we could do better later on. Just assume that it will take some time.

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Quote from: justdimin on April 26, 2024, 08:23:22 AM

Quote from: wxa7115 on April 25, 2024, 02:30:03 AM

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.

Governments may not be all powerful, but at the same time we are talking about the place where we pay so much of our money. If they are capable of taking our taxes so much, I mean most governments literally get half of our income, then they should be able to help us during bad times as well, otherwise why are we even paying them?

I think we should be asking and demanding a lot more from governments and we are not really making it work and people who like to vote for certain people, end up not saying anything against people they vote for, which makes those people a lot more confident on taking our money and they just end up not making any improvements. We should reconsider that and start to just consider how we could make it work with a lot more demands from them in exchange for paying that much tax.

That is basically the eternal question, but the response is a simple "then elect people who would take taxes from you and use it so well that your nation will become better", and yet we fail to elect people like that, instead we elect people who are against the people we hate, that's all we look at.

There are type of people we "hate" and whoever hates those people together with us, we elect those people and we look basically at nothing else about them, they could be crooked thief politicians who would spend our taxes to enrich their friends, but if they hate the same group of people that we hate then we are going to turn a blind eye to everything they do. Which is why I believe that we are not going to end up with anything crazy in the future, things will stay the same way for a long time.

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Quote from: shanhaigamefi on April 18, 2024, 03:34:07 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.

That's the effect of inflation.
Inflation has proven to be a global pandemic that's been seriously feeding on the global economy for years now.
One of the effects of inflation is decline in purchasing power and that's what your friend is experiencing. And having a stagnant income in such an economic situation could also be very frustrating, especially when the cost of living is also drastically increasing.

Inflation has the ability to slowly reduce the value of money, making it pretty hard for people to be able to afford the same goods and services they've been able to afford few years back, so rather than depending on that source of income, one should always give room for adaptation and growth, sort for other means to update your income to fit the new standards of living.

leonair

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The economy of the world is going down and that's why I don't think anyone is happy or will be happy because the world economy is going down which means the economy of his own country is going down and as a result inflation will increase and also the price of daily necessities will increase as a result of living. The quality will be worse. Especially I think the third world countries will face this kind of problem more. And I think the main reason for the decline of the world's economy is that the big superpowers don't understand that they are causing more danger to the world by fighting wars for arms trade.

Topic: Do you feel that the global economy is declining? - page 4. (Read 1448 times)