Do you feel that the global economy is declining? - page 9.

btc78

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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.

Yes that is the product of inflation.

Although some countries may have it worse than the others. Rich countries have strong currencies but have really expensive living costs which still proves to be a problem to them still.

While with third world countries, they are struggling to have ends meet as the money they are earning barely can buy anything these days. In my country it is now better to just leave and seek job opportunities abroad.

legendbtc

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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.

Plaguedeath

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It means the salary growth is lower than the CPI (Consumer Price Index) growth.

If the CPI in your country is 10% and your friend's salary growth less than 10%, you will feel there's big difference in long term because the interest is compounding. Your friend need to make a research about the real CPI in your country, don't use a manipulated stats from government.

So when you friend already know how big is the CPI, all he need is to find an investment that can surpass it, Bitcoin is the example.

Charles-Tim

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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.

I do not believe this or the country that your friend is living is somehow not good at all. If the salary are lower than before, the price of goods supposed not to be increasing. What I noticed in almost all countries, as the price of goods and services are increasing, the salary also will increase in such a way that everything will balanced, but the government do the manipulation for their own good.

If you want to know if the global economy is declining, you will need to check the world gross domestic product. If it is higher in total than the previous years, that means the global economy has not declined in value.

You can compare 2021, 2022 and 2024 using the data on this link: https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal). Click on list of countries by GDP (nominal), scroll down to table and click on it to see it.

shanhaigamefi

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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.

Topic: Do you feel that the global economy is declining? - page 9. (Read 1448 times)