Do you feel that the global economy is declining?

[Antotena]

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.

[Captain Corporate]

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.

[erep]

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.

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.

[justdimin]

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.

[doomloop]

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.

[iv4n]

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.

[fuguebtc]

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.

If you have knowledge about money and spend time learning about how the economy operates in history, you will see that inflation, crisis, recession... are inevitable. They have been there and existed for hundreds of years, and they do not just appear in our generation.

The simple reason is that many people rely too much and put too much trust in the government, they think that the government will protect and save them if they are in trouble. They are too dependent and too subjective that they forget to make backup plans. If a person is smart, they will always find ways to increase their income and assets even when they are living in a stable economy. They will always have backup plans and always update and evolve to adapt to the development of society.
If we want to survive, we need to change and adapt promptly. Finding ways to blame others will not help us survive in this world.

[eightdots]

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.

We have to do some things to make a living these days. If we want more, we must either work hard or the work we do must be valuable. There may be many options, but this is generally the case.

We strive to change our conditions and live in better conditions. Some of us can achieve this and it is not impossible to achieve. Of course, it is not easy, but we can see more of the opportunities that come our way and we are trying to take advantage of them.

The global economy is deteriorating and the quality of life is declining in many countries. Necessary steps need to be taken to reverse this. In some cases we must try harder to improve our own conditions.

[RockBell]

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.

Yes the world is suffering from a global economic break down, just that each countries experience is better than one another. Its something that can actually be handled but is the government ready to fix things up. In my country  a new emerged governor have done what past governors could not do in 8 years that is what we are talking about the whole economical issues is for the government to improve.

Even in terms of polices. There should be open doors for investors. And create more opportunities for people. And without any source of income life won't be funny because starting from how do you feed and keep up with expenses. This shows how income is very important in our life's. I pray with term things will get better.

[wxa7115]

We have to do some things to make a living these days. If we want more, we must either work hard or the work we do must be valuable. There may be many options, but this is generally the case.

We strive to change our conditions and live in better conditions. Some of us can achieve this and it is not impossible to achieve. Of course, it is not easy, but we can see more of the opportunities that come our way and we are trying to take advantage of them.

The global economy is deteriorating and the quality of life is declining in many countries. Necessary steps need to be taken to reverse this. In some cases we must try harder to improve our own conditions.

This is a difficult problem to solve, since even if everyone works harder to improve their living conditions, you may assume this will allow every single person to improve their life.

But if the resources they are pursuing are the same, then all of them will work harder just to receive the same payment at the end, so at some point other solutions other than to work harder or for a longer period of time need to be found, and that is where most governments are lost as they do not know what else to do to improve their economy.

[Zanab247]

I noticed it from my country economy, which I thought is only my country that is experiencing this inflation until some of my friends who lives in other countries to confirmed to me that the inflation is global and is making the price of commodities to continue increasing every day.

Some products, I bought last year, it has doubled up this year and it makes people salary not to feed their family well like the way they use to used the salary to feed and still use it to set up some business in the community because inflation has takeover the economy.

I guess government will do something that will make the economy to improve higher, because people are not smiling with this global inflation because it the responsibility of every government to create a good economy for their citizens to experience.

[VanKushFamily.com]

When Budget Suites did what they did Attacking the Release of the Book called "The Diaspora Brujeria", they actually caused Bitcoin to Drop to $20,000 and it caused a Global Recession. It had to do with a Meeting in Miami and El Salvador. So the Economy was actually Declining BECAUSE Crypto declined, Crypto did not Follow the Economy, the Economy instead Fell as Bitcoin Fell and no one wants to Talk about that.

But we are Fixing it now. But that Miami Conference and El Salvador meeting all went Horribly Wrong, People were Raped for Drugs, Lives were Ruined, and the Economy Collapsed.

[Abiky]

Yes the world is suffering from a global economic break down, just that each countries experience is better than one another. Its something that can actually be handled but is the government ready to fix things up. In my country  a new emerged governor have done what past governors could not do in 8 years that is what we are talking about the whole economical issues is for the government to improve.

Even in terms of polices. There should be open doors for investors. And create more opportunities for people. And without any source of income life won't be funny because starting from how do you feed and keep up with expenses. This shows how income is very important in our life's. I pray with term things will get better.

Things will get "better" after the launch of CBDCs. At least, for a while. But first, governments must concentrate on putting an end between the Russo-Ukraine and Israel-Hamas conflicts. With world peace, the economy would be able to flourish once again. I sure hope this happens soon. Else, we'd be toast.

I'd say ultra-high inflation is NOT good for consumers. Only the rich benefits in the long run. These are uncertain times we're living into. Thus, we can only hope for the best. 

[zaim7413]

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.

Preventing the rate of inflation which causes purchasing power to increase needs to be done by increasing salaries by at least a few percent to maintain purchasing power and economic balance momentum. The increasing prices of goods all the time will ensnare employees who will be increasingly squeezed if their salaries are not adjusted to the consumer price index. Due to increasingly unstoppable inflation, salary adjustments can be made through internal agreements between two parties (employees and companies) or through regulations set by the government in the minimum wage policy.

[batang_bitcoin]

I noticed it from my country economy, which I thought is only my country that is experiencing this inflation until some of my friends who lives in other countries to confirmed to me that the inflation is global and is making the price of commodities to continue increasing every day.

Some products, I bought last year, it has doubled up this year and it makes people salary not to feed their family well like the way they use to used the salary to feed and still use it to set up some business in the community because inflation has takeover the economy.

I guess government will do something that will make the economy to improve higher, because people are not smiling with this global inflation because it the responsibility of every government to create a good economy for their citizens to experience.

Many did double up this year and I don't know for how long this kind of inflation will continue. That is because of different situations that we're facing from wars and those matters related to oil so, everything has been impacted by those factors. We won't be back to the former or if we are, it's not the same anymore and still far from what we used to witness at that time. While we can't do anything with it, the government truly is the first responder on this one and shall do matters this inflation.

[xmonkeyx]

I noticed it from my country economy, which I thought is only my country that is experiencing this inflation until some of my friends who lives in other countries to confirmed to me that the inflation is global and is making the price of commodities to continue increasing every day.

Some products, I bought last year, it has doubled up this year and it makes people salary not to feed their family well like the way they use to used the salary to feed and still use it to set up some business in the community because inflation has takeover the economy.

I guess government will do something that will make the economy to improve higher, because people are not smiling with this global inflation because it the responsibility of every government to create a good economy for their citizens to experience.

Many did double up this year and I don't know for how long this kind of inflation will continue. That is because of different situations that we're facing from wars and those matters related to oil so, everything has been impacted by those factors. We won't be back to the former or if we are, it's not the same anymore and still far from what we used to witness at that time. While we can't do anything with it, the government truly is the first responder on this one and shall do matters this inflation.

Inflation is undoubtedly a contributing factor in this instance, but a lot of nations are currently facing slow economic growth, which is one of the key indicators of a downturn in the world economy. The fall in investment is yet another significant indicator of the current downturn in the world economy. Because of the uncertainty, many investors are hesitant to provide capital to some countries.
Please keep in mind, though, that the state of the economy is subject to periodic fluctuations due to a variety of factors, including alterations in international markets and governmental policies.

[philipma1957]

when the world had 1 billion  every persons share of the world was as follows

2 ⅔ acres of fresh water 💧
32 acres of land
96 acres of ocean 🌊

now 120 years later we are 8 billion

so each persons share of the earth if it was divided is ⅛ that of 1900

so
⅓ of an acre of fresh water 💧
4 acres of land
12 acres of ocean 🌊


So the answer to the op of course the people of the world 🌍 are poorer than a while back resources do not grow.
same size planet and
1900 1 billion of us
 2024 8 billion of us.

I am happy to be 67 and all my kids are dead. With luck I will be gone before this world crashes out.

I figure 2057 should be about right for a mass collapse. I will be dead or 100 years old.

[sekalitas]

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 think it's a matter of supply and demand. Five years ago, your colleague's skills may have been highly sought after, with low supply and high demand, leading to higher salaries. But now, the supply of people with those skills is higher, while demand may be lower or stagnant. This gives companies more options, so they can lower salaries and easily replace employees who don't agree.

To stay competitive, we need to constantly improve our skills and perhaps take on more responsibilities to become indispensable to our employers. Additionally, diversifying our income sources can help. The resources are limited, but the number of people entering the job market keeps growing each year. This increases competition and can lead to some people experiencing economic hardship.

[X-ray]

its the price of goods as you have described that are rising while our salary increase aren't as much as the inflation to keep ourselves from losing our purchasing power like have been many described.
also, the population has been growing more and more than ever though this only happens in developing country since most of developed country are rather declining in population but still we amounts to more than ever compared to decades or centuries ago.
I think it does make sense, there's eventually a time where resources become more and more scarce, then we will be facing the inflated price of goods.
the only way to mitigate is through the use of technology, increase productivity of several sectors by more than a thousand percent through the use of automated technology.
but even so some region gonna still be affected by scarcity of resources.
expect things will get worst I guess if we don't strive for better productivity to sustain entire population.

[mirakal]

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.

If that’s the case, then it’s time for him to look for a side hustle that will create additional income from his main job. Relying on a single job is never practical these days, otherwise you will struggle with your finances no matter how high your salary is due to increased prices in goods and services.

Inflation is not new to us. Prices have been rising every year and we don’t have control of that. But what we can do is to navigate our own finances and gain additional jobs so that we can always cope up with this high rising inflation that I think would be here for good.