Difference between past and present economy,

[Die_empty]

What do you guys think about it is there a big difference on our past and present economy?

You can only speak about the economy of your location because, in some countries, the situation might be the opposite. In my country, the economy has become worse. I remember those days when there were foods/feed that were reserved for animals because we had enough supply of food. Currently, those foods are now consumed by even the middle class. It was difficult to hear news of people who died of hunger, but today thousands are dying because of starvation. The problem is the gap between the poor and the rich has widened, and the middle class is non-existent.

In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.

[Peanutswar]

If you will see something change into your past and current economical status meaning there's an innovation and progress. This will just serve as an insight your state has a movement of changes for the future. Well it's bonded already because if you fail to get ride with the situation of the economy possible you will lose some of the opportunity to your life and also suffer of the current changes. Example you have a good job an investment in the future you use those to secure your self also by having an access with the convenience. Also you can see people keep doing improvements to their live and make more wiser.

In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.

Others have a privileges but of course it's up to you know if you will become as is what you have or look for more changes for better improvement. Just the rich people have the head start advantage but you can catch up with a good strategic in life.

[Lida93]

In life change is constant and so therefore it's expedient that we will continue experiencing different patterns of changes in all spheres of life and the economy is not exclusive to these changes.

Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.

I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.

I think the economy have become worse than how it was some years back because of so many challenges.  Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown.

Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.

The Covid pandemic is not the only pandemic the world has ever experienced, there have been many pandemics that caused much greater loss and damage in the past. Also, things take time to recover and grow, we were worse in 2022 but things are slowly getting much more stable. So to say that things are worse than before is too hasty, I don't think that's true.

Our economy is also cyclical and we are in a transitional period so there will be certain difficulties but I believe everything will recover and grow to new heights. Also, whether you feel the world is getting better or worse is up to you, the world will be different in everyone's eyes. People who earn more and more money will see the world getting better and better and vice versa.

The COVID-19 pandemic may not be the only pandemic that have hit the world but it's devastating effect did change many things and activities around the globe, the challenges it created are still felt, ranging from work engagement, social relations and the macro economy performance. A lot of persons that were layoff are still grappling with unemployment till date. The economy is not in any recovery neither are there signs to that effect rather what we're witnessing on daily basis is hikes in prices of goods and services and high insecurity challenges which weren't there before the COVID-19 wave.

To worsen the harsh conditions the emergence of the Ukrain-Russia war, and other conflicts in the Middle East all these indexes put together can we really say things are getting better, life's standard is improving. Because from what it is an estimation of above two-thirds of the world population are finding it hard to survive the hard times. How many persons can actually afford a world class health care?

[Ultegra134]

You can only speak about the economy of your location because, in some countries, the situation might be the opposite. In my country, the economy has become worse. I remember those days when there were foods/feed that were reserved for animals because we had enough supply of food. Currently, those foods are now consumed by even the middle class. It was difficult to hear news of people who died of hunger, but today thousands are dying because of starvation. The problem is the gap between the poor and the rich has widened, and the middle class is non-existent.

In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.

I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.

[fuguebtc]

You can only speak about the economy of your location because, in some countries, the situation might be the opposite. In my country, the economy has become worse. I remember those days when there were foods/feed that were reserved for animals because we had enough supply of food. Currently, those foods are now consumed by even the middle class. It was difficult to hear news of people who died of hunger, but today thousands are dying because of starvation. The problem is the gap between the poor and the rich has widened, and the middle class is non-existent.

In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.

I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.

In fact, our world is getting better, not worse as many people think . But I feel like the gap between rich and poor is getting bigger, which is why many people feel like the economy is getting worse . Furthermore , it seems that the goods and products produced today are also more focused on serving the middle and upper classes rather than mass producing for the lower classes . Therefore , low-income people will feel their lives increasingly suffocated when earning money becomes very difficult due to competition while the prices of goods are too high compared to their income .

Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .

[TheUltraElite]

Consumers still run like they previously did and education and healthcare problems are still existing.

The average money spent by the common man has increased and less savings are common because of the increased spending. However troubles with saving money were previously present too and ponzi schemes and scams were not uncommon, they are still prevalent and will continue to be, just the mode of operation will change.

However, a focus has been started on bitcoin and its use and that might change the economy in the upcoming years.

[bestcoins1]

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

Just enjoy the current conditions calmly and comfortably while continuing to work in order to continue to produce and be able to buy food and other necessities without having to complain and describe more differences about past and present conditions. Because everyone must have gone through their own difficult times in the past until they were able to get out of that situation and become better at the present with some changes that have been felt. So in essence, everyone should not complain and must continue to live their lives by making the best efforts to be able to change in a better direction than before.

[Baki202]

I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.

it is getting worse every single time because the price of commodities keeps changing if you are constantly going to the market their is no way you will meet the same price the way you left it something must have changed about it. over the years it keeps changing but the change is usually slow and am very sure that we did not even notice it but no it is very different the change is fast and we are all noticing it. the world is not getting better in any way rather it is getting worse, and even the coronavirus period is better than this things were not that expensive compared to now so there is still a lot to be learned because we can not even eat straight anymore because of this economy everything is becoming very difficult. the evolution also contributes to making these things the worst. so it is time we make a serious decision for ourselves on our to make our own lives better. because the solution is almost impossible to fix, even now we have to provide for ourselves and also take care of how self, everyone is now responsible for themselves.

[glendall]

What do you guys think about it is there a big difference on our past and present economy?

I think there is no difference between the economy now and before, where as you said everyone has to pay and find out where to get the money, everyone has to try to find and fulfill their needs,

[Ultegra134]

In fact, our world is getting better, not worse as many people think . But I feel like the gap between rich and poor is getting bigger, which is why many people feel like the economy is getting worse . Furthermore , it seems that the goods and products produced today are also more focused on serving the middle and upper classes rather than mass producing for the lower classes . Therefore , low-income people will feel their lives increasingly suffocated when earning money becomes very difficult due to competition while the prices of goods are too high compared to their income .

Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .

It might be getting better, or as I believe, was till 2022, but we are unlikely to see it ourselves. You're right, the gap between the rich and poor is broadening day by day.

it is getting worse every single time because the price of commodities keeps changing if you are constantly going to the market their is no way you will meet the same price the way you left it something must have changed about it. over the years it keeps changing but the change is usually slow and am very sure that we did not even notice it but no it is very different the change is fast and we are all noticing it. the world is not getting better in any way rather it is getting worse, and even the coronavirus period is better than this things were not that expensive compared to now so there is still a lot to be learned because we can not even eat straight anymore because of this economy everything is becoming very difficult. the evolution also contributes to making these things the worst. so it is time we make a serious decision for ourselves on our to make our own lives better. because the solution is almost impossible to fix, even now we have to provide for ourselves and also take care of how self, everyone is now responsible for themselves.

Electricity, petrol, groceries, everything has skyrocketed the past two to three years. Everything started going downhill with COVID-19 and the Ukrainian war, but from how I see things, corporations were just looking for a motive to bump up their prices. This, paired with a corrupt government that's funding the rich, keeps increasing the price of daily goods that were once considered cheap. Just a few days ago, over 900 medicines saw massive increases in price because they were "too cheap." But that's how Greek politics work—by messing with the lower and middle class.

[slapper]

You can only speak about the economy of your location because, in some countries, the situation might be the opposite. In my country, the economy has become worse. I remember those days when there were foods/feed that were reserved for animals because we had enough supply of food. Currently, those foods are now consumed by even the middle class. It was difficult to hear news of people who died of hunger, but today thousands are dying because of starvation. The problem is the gap between the poor and the rich has widened, and the middle class is non-existent.

In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.

I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.

In fact, our world is getting better, not worse as many people think . But I feel like the gap between rich and poor is getting bigger, which is why many people feel like the economy is getting worse . Furthermore , it seems that the goods and products produced today are also more focused on serving the middle and upper classes rather than mass producing for the lower classes . Therefore , low-income people will feel their lives increasingly suffocated when earning money becomes very difficult due to competition while the prices of goods are too high compared to their income .

Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .

Definitely, the world is getting better. But many times, economic progress leaves the impoverished behind. Luxury goods over necessities? That is the market serving the rich, not an accident.  Everybody should gain from our system, not just the top one percent. Technology is transforming everything; we cannot simply observe from here. We have to change our whole economic framework.  How might we guarantee everyone gains? How can individuals be trained and educated for roles of the future? These are the true enquiries. The path forward is not fixed. We can mould it. Still, it will call for courage, knowledge, and a readiness to fight for a better system. Let us ensure that everyone, not just the affluent few, benefits from the future economy

[erep]

Electricity, petrol, groceries, everything has skyrocketed the past two to three years. Everything started going downhill with COVID-19 and the Ukrainian war, but from how I see things, corporations were just looking for a motive to bump up their prices. This, paired with a corrupt government that's funding the rich, keeps increasing the price of daily goods that were once considered cheap. Just a few days ago, over 900 medicines saw massive increases in price because they were "too cheap." But that's how Greek politics work—by messing with the lower and middle class.

The entire global media is highlighting the possibility of inflation due to the impact of Covid-19 and the Ukrainian war, the possible impact of inflation that occurs may not be as bad as the current economic conditions but we suspect that there are certain individuals involved who want to raise prices without caring about the conditions of the lower economic community who are struggling to meet their living needs in the midst of the current bad conditions, it is ironic to see the global economic conditions at their worst including the price of medicines, we hope the economy can recover soon from the impact of inflation.

[Jewan420]

What do you guys think about it is there a big difference on our past and present economy?

I think there is no difference between the economy now and before, where as you said everyone has to pay and find out where to get the money, everyone has to try to find and fulfill their needs,

I think there is no difference between past economy and present economy. Earlier people struggled for food and starved to death. But now while simplifying the food system we are spreading various diseases, as a result many people die due to lack of treatment. The difference between poverty in past and present economies is only demand. In the past the poor died for lack of food, today the poor die for lack of medical care (not primary care).

[Hamza2424]

What do you guys think about it is there a big difference on our past and present economy?

Hmm, In my view we are in the worst era of the economies, you are saying people can go to school, eat food, and pay bills, bro are you serious I'm not sure from which country you are but if you look at the living expense vs the average earning here in Asian countries like Pakistan, Sri-Lanka, India almost 40% people cant afford the 2-time meal for themselves and their family. School haha I'm not sure where you've seen this information even in the 2020s people are forced to child labor.

you've mentioned something like even if they don't have a full-time stable job you can afford a standard of living, haha yup you can based on Youtube, TikTok, and freelancing income but that's not the success of an economy that's an individual success. Here more than 60% of workers are working 16 hours per day as GIG workers to afford their expenses and you are talking about affordance of food and paying bills.

I don't know why I'm rude but this system sucks rich ones are getting richer so that even their cats and dogs are living a life that 70% of the lower middle-class cant even dream to live.
There's a lot of pain in my heart for those who are near me and I cant do anything, except watch their struggle for life. The economy which is based on money against money can't change people's lives.

We can discuss more with references as well. But yup for sure in today's world, any skill and education can help you earn a living, so education needs to be free at least everywhere, and that will not be the success of the economy that will be the success of individuals struggle.

[SOKO-DEKE]

I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.

it is getting worse every single time because the price of commodities keeps changing if you are constantly going to the market their is no way you will meet the same price the way you left it something must have changed about it. over the years it keeps changing but the change is usually slow and am very sure that we did not even notice it but no it is very different the change is fast and we are all noticing it. the world is not getting better in any way rather it is getting worse, and even the coronavirus period is better than this things were not that expensive compared to now so there is still a lot to be learned because we can not even eat straight anymore because of this economy everything is becoming very difficult. the evolution also contributes to making these things the worst. so it is time we make a serious decision for ourselves on our to make our own lives better. because the solution is almost impossible to fix, even now we have to provide for ourselves and also take care of how self, everyone is now responsible for themselves.

Honestly, the economy is really getting worse every year now. I had hope before that it would get better, but from what I am observing now, I am just confused. The prices of things are really increasing each and every day. Where the economy is leading us now is beyond our understanding. After COVID-19, I was expecting things to get better, but as you said, that COVID-19 period was better than this. It’s true, but it seems that COVID-19 also played a serious part, as we continue experiencing this bad economy.Now, my country's economy is getting out of hand. People are finding it difficult to feed themselves. As the economy in my country worsens, even civil servants are turning into beggars because their salaries can no longer feed them, let alone solve other problems they have.

[justdimin]

The COVID-19 pandemic may not be the only pandemic that have hit the world but it's devastating effect did change many things and activities around the globe, the challenges it created are still felt, ranging from work engagement, social relations and the macro economy performance. A lot of persons that were layoff are still grappling with unemployment till date. The economy is not in any recovery neither are there signs to that effect rather what we're witnessing on daily basis is hikes in prices of goods and services and high insecurity challenges which weren't there before the COVID-19 wave.

To worsen the harsh conditions the emergence of the Ukrain-Russia war, and other conflicts in the Middle East all these indexes put together can we really say things are getting better, life's standard is improving. Because from what it is an estimation of above two-thirds of the world population are finding it hard to survive the hard times. How many persons can actually afford a world class health care?

Unfortunately the biggest issue that it caused was inflation. We all spend a lot more money on things that we used to spend on, and yet our salary is still around the same level. Unemployed is an issue, and employers knows this so they do not increase our salary, which causes us issues because if we resign then we would be unemployed and can't find a job, whereas if we do not resign then we are making a very small amount compared to higher prices, there is no way out.

The best case for us is bitcoin, we put some money in bitcoin hoping that it would give us some good breathing room, but usually it won't go up that much higher, a bit but not make us rich. All in all, we are just stuck between a rock and a hard place, so it is going to be a sad situation to keep going like this but that's the reality we live in right now, it is definitely nothing that will be all that crazy good at all. We need to consider that this is the new world and we have to get used to it.

[Antotena]

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

What do you guys think about it is there a big difference on our past and present economy?

If you think the world has improved by what you just wrote, the I guess you don't know what is happening around the world. People are hungry and it's global and worst in some countries, people have dropped out of schools and that's because the economy is hard for them to even afford a book. In many countries today where basic education used to be free, it's no longer free again because the governments aren't doing that again, life is really hard out there my friend.

In my country, many of the people who claimed to be politicians and now work for the government all had privilege of free educations, free things the colonial guys did in the country bit as soon as they left and the people who had free privilege changes everything about the economy and it's now unbearable for many people. You should learn to go out and see things, don't stay on social media and assume things are okay with poor people.

[Dr.Bitcoin_Strange]

I believe we had a better economy some years back if being compared to the hardship that so many people around the world are going through. Some years back, you don't have to stress yourself to get too many jobs, skills or side hustle before you can be able to pay your bills, but due to how worse the economy has become, you can see a person who have two to three jobs and also a side hustle, they undergo different stress just to make sure they can earn enough money to fill all their bills, because without having more than one job, they can't meet their personal needs.

[Hanadawa]

Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .

Today the world is facing a very critical economic problem. Technology is developing so rapidly that professional workers are becoming more needed. On the other hand, efficiency in technology makes manual labor unnecessary. For a company, it will be easier to maintain machines than to pay workers. And on the other hand, the human population is also increasing every year. Fewer jobs and a growing population will be a serious problem because if someone does not get money to live, they have the potential to become a criminal.

[legendbtc]

And on the other hand, the human population is also increasing every year. Fewer jobs and a growing population will be a serious problem because if someone does not get money to live, they have the potential to become a criminal.

Population growth means demand will increase and supply also needs to increase to meet demand so it is not correct to say that population growth will be a serious problem.

But the problem with population growth is that it is not distributed evenly and appropriately. I mean the population growth rate in developed countries is negligible while in underdeveloped countries the population growth rate is uncontrolled and too high. This has caused an imbalance between supply and demand worldwide, making life increasingly difficult for many people, especially those in third world countries.

In general, population growth has both advantages and disadvantages. The advantage is that we will have an abundant source of young human resources, ensuring the development of the world. The downside is that it can be harmful if the population grows too rapidly in underdeveloped countries, which will become a burden on that country's economy.