Would you rather have stable prices or higher income growth?

[Jammy01]

I’ve been thinking about this a lot lately.

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

[348Judah]

Maybe you can ask yourself this, that how could we have our income grow when the prices are stable, this means there won't be any chances of being profitable, because this also applies to other businesses we do and how profits are being earned, as some are making losses, we also have it that some are into profits from it, which should be something we all have to consider before going into an investment or business to do.

[Ojima-ojo]

What you must note is that there is no way that the price of goods can be stable because of this two factors.

1: population growth

2: profits maximization


Businesses are meant for profits making, so price will definitely keep increasing, as long as demands increases, and so long as people giving birth building families, their cost of living will definitely increase, so the salaries must increase, and people need to start looking for other streams of income to balance up when salaries are not enough to cover their bills

[coin-investor]

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

I prefer to have a stable price. Now, all of us here in the country have the same income growth; there are ambulant workers and seasonal workers, and workers coming from small companies, who can't give their workers a minimum required wage, and there are also piece rate workers, so having stable prices of basic commodities will benefit everyone in the society.

[Emjay24]

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

It's not better for me if my income is stagnant and not growing because it's means that there's no visible dividend for my hardwork and continuous career upgrades. It would discourage self development and innovation. Even if the price of things remain constant _{which isn't possible}, I'll always want my income to grow.

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all.

This isn't possible man, snap out of your wishful thinking, there would always be competition among producers and several conditions around factors of production like cost of purchasing land, electricity, VAT, maintenance of machines and others would always influence the cost of the products, so it cannot be same for all producers even within your locality not to mention that goods of various qualities has varying prices.

[landheer]

I’ve been thinking about this a lot lately.

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

I think it's the same. Having stable prices and a stable income, but no changes, is essentially the same as a price increase accompanied by a salary increase. Well, there's no change at all. However, I would prefer stable prices and a stable salary. Because in that position, we no longer have to worry about the potential increase, which we have to guess how much. And with a stable income, at least we can think about ways to supplement our income with a side business or find a second job to earn more.
But returning to the current reality, the price of goods continues to rise and is unavoidable. Meanwhile, wages haven't grown as much as the rising prices. So, in the long run, salaries that were initially sufficient for living expenses will gradually become insufficient.

[Jawhead999]

Humans always seek for something they don't have.

If they have a stable job, they will complain if they need to leave their comfort zone in order to earn higher even though the risk is higher. If they work in sales or marketing agency, they will complain if it's very hard to make a deal and they're looking for job with stable salary.

So, there's no this or that answer, people will change their decision after they're bored.

If we're talking about longevity, stable prices is the answer.

[Justbillywitt]

I would prefer the first option were the prices of things remains stable and my salary remains the same. What is the need of having salary increase and inflation eating it up? I remember those good old days when the little people were earning were able to provide all one's need and still have savings because things were so cheap back then and people were much happier than.

[Solodoski]

This is really not possible in any society,  but for the sake of discussion,  I would prefer a stable price rather than an increase income. I think it's better to have a stable price because if price is stable you know you are not getting commodities on a high price and you already know the price of every commodity,  but if prices are not stable and you earn high income; your income might not be enough for the commodities you need and you don't even know what the price of commodities might be the next day and that will make planning very difficult.

[BIT-BENDER]

If price of things right now stays the same and people's salaries stay the same then many people will still not be able to afford most of their heart desires.
You are asking this question wrongly believing that many people can afford that dream life the want from themselves and if they decide everything stays the same then you aren't giving them any opportunities to make it in future.

Personally I love growth, and after working hard I believe everyone should see a significant take home pay or profits, so for me I will choose to consistently increase my finances and I believe the rate will be more faster and greater than how things will increase in price.

[m2017]

I’ve been thinking about this a lot lately.

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

In the modern coordinate system economic model, it's impossible for prices to remain stable forever due to inflation caused by endless money printing.

Secondly, prices are directly influenced by demand, meaning they will inevitably fluctuate. For example, a sudden heat wave in a region will force prices on air conditioners and fans to increase. In other words, the market is quite "plastic" (subject to instability).

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

In this scenario, the economy will not develop at all. The amount of money remains the same, there are no new developments or inventions, no business (due to lending), and life will "stand still" at the same level. This is what happened before the "invention" of lending (in the Middle Ages).

Btw, the salary increase added as indexation doesn't at all "cover" rising inflation.

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

Income growth, of course. Theoretically, you're not limited by any ceiling on income growth.

[Die_empty]

I’ve been thinking about this a lot lately.

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

The only reason for the increase in wages is inflation.  From experience, a wage increase might not be able to cover the financial gap caused by inflation.  I would gladly choose stable prices and no increase in pay.

Inflation also causes the value of currency to decline, thereby making it worthless in the international market. This would discourage investors from starting businesses or investing in a country which will lead to unemployment and underdevelopment..

[Marvelockg]

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

You're looking at an ideal society where everything is almost perfect. Such is only possible in one's imagination. In reality, several factors are responsible for an increased salary as well as an increased price of goods.

There should be an increase in income even as it's possible that there will be an increase in the cost of living. Rather than trying to wish that the price of things just magically go down, It's better to work to ensure that your finances increases to meet up with whatever increase that might come in terms of the effect of inflation. There's nothing sweet about a constant income. We always want something more.

[Mhizlove]

That's hard choice to make , because it's like choosing between security and ambitions. You see stable price is like when planning your life without being afraid that something you can afford today will suddenly slip out of your grasp tomorrow and it's to reassure you that your income can still purchase a bag of rice,but you see higher income growth is another that brings feeling of optimism or hope that tomorrow would be much better than today, that your hard work will actually move you forward, yet if prices keep soaring ahead of wat you earn or your income, then that growth starts to feel like a mirage.
Ultimately, majority of people desire both because a life where income rises steadily, it's said to be that,while prices remains stable real progress truly matters when it's built on stability.

[DYING_S0UL]

Yeah, surely I can imagine a lot of thing but we clearly know that ain't gonna happen. Wake up to reality. IMO, stable prices are a myth, specially if we are talking about the less developing countries. Every country has inflation, at least to some level. So it would be better for us to think more practically or rationally. I piece of land 50 years ago might be 1000$, but now it's 100,00$ (assuming), this fact isn't changing. So at the end of the day, I would choose higher income growth rather than stable prices.

[B-BossMan]

I’ve been thinking about this a lot lately.

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

That's why I will keep saying this: the global economy hardship is getting higher, and it is affecting the poor masses the most. When someone is rich and wealthy enough, I don't think he would be thinking of all these things, since there's money to buy whatsoever they need and still maintain their financial stability.

Furthermore, if we are to make life easier for ourselves, I think we should build a higher income on financial growth, which will be better, because no matter how costly the price of things getting high is, it's not going to affect you because you are financially stable. But making the price of goods stable and also having a stable salary at the same time would not be possible, because even if the government decides to increase your salary today or tends to increase the minimum wage, I believe the marketers will also use the advantages to top up prices on their goods, or, like in my region, once the fuel price goes up, the goods in the market will also go up. So the best thing is, even if we are making higher financial growth, the cost price of goods should keep dropping instead of a stable price of goods.

[Samlucky O]

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

No one will be more comfortable in such situation. no one wants to be stagnant in life, meaning that if price become stable and no inflation atol, people will want their salary to increase to meet up some other demands since human wants are insatiable. The truth is that wether you chose salary to be stable while economy stable, it doesn't change the fact that things will not cost or economic inflation will not happen. Let's be realistic, there will always be economic inflation and for that reason we need to find ways to increase our source of income, so that we won't only rely on salary but increase our coast from business.

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

If you ask me I will say higher income growth because economy inflation will always occur wether you like it or not. If you chose stable price and no increase in salary, what if price of goods falls and your salary is thesame? How can you cope ? So in all I chose higher income growth.

[ShowOff]

I’ve been thinking about this a lot lately.

Most people want their salaries to go up every year, but at the same time, prices of almost everything also go up, food, rent, even transport. So I started wondering… would it be better if prices just stayed stable instead, even if our income didn’t grow much?

Like, imagine your income stays the same for years, but food and housing cost exactly the same too, no inflation at all. Would that be more comfortable than getting a raise every year but seeing your expenses rise too?

Which one do you think actually makes life easier in the long run, stable prices or higher income growth?

Expecting price stability is impossible; there are many factors that can drive price increases in the long term, one of which is changing market demand over time. For example is the scarcity of natural resources such as oil, which can affect the prices of many other goods in the market. Price stability may feel more comfortable, but one should never expect it because it is impossible.

Income growth will always follow changes in the economy, adjusting to the cost of living in a given area. In short, I think it’s about how someone adapts to changes, including inflation. To have a comfortable life, the only way is to strive for higher income, so that whatever happens will not put you in financial difficulty.