The solution is not to increase salary or wages but the reduction of prices of goods and services in the world is the only Solution to this high cost of living and the inflation. Form the way I understand it, this is weakness from the manufacturers companies. Because whatever increase in the world it caused by them. It is from them that the price is of things go up to the the wholesalers and from wholesalers to the retailers and there to the consumers. So if the government give palliatives or increase minimum wage in their various countries, it is just like a waste of time.
Cutting down your spending has nothing to do with the high cost of living. In this present economy in the world, only one thing you purchase would bought 3 to 4 things in the years past.
I think you don’t really understand the main meaning of inflation, because if you do, you will not see the fault of the manufacturers or companies. Because, inflation simply means the general rise of goods and services, even if you can reduce the cost of goods as a manufacturer, you will only lose because if the goods can be reduced, then what of the service? If you don’t know, let me explain. Goods are valuable items that are being sold or purchased with money. While, services simply mean the efforts and time that a person or an individual gives in order to work so that he or she can be paid at the end, which is wages or salary, even if they insist on adding more wages or salaries, it should be due to inflation because everything will go higher and more expensive than before.
So if it is based on economics, the only and most simple way to survive the current inflation is to invest in a scheme or business that will skyrocket just to gain more profit and to save yourself from suffering, or just look for a way to increase your income in such a way that you will gain more than before to sustain your needs and that of your family. These two are the best ways to survive inflation, but not by reducing the current rate of stock in the market because it will cause a breakdown for the manufacturers and that will cause a great breakdown to the economy.
