Difference between past and present economy,

[Yatsan]

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?

I agree, there are marked differences between the past and present economic conditions despite persisting challenges. The contemporary economy has undergone some form of growth and development that have increased accessibility to daily needs, which were highly inaccessible in the past. For instance, food is available to many people today, as well as access to education and health care, which was greatly insufficient in the past. Added to this, of course, are the new forms of income brought about by modern technology in the realms of gig work and online opportunities. And with the help of such innovations, individuals can now generate considerable amounts of money, even in the absence of any traditional employment.

Despite such advances, though, not all has changed: the disparities in economics still exist. Though some life elements have become different, poverty and economic deprivation continue, at times more and at times less. The ease with which goods and services are available today does not imply that all economic problems have vanished. The character of poverty and economic hardship has changed. An economy like today's sets up all sorts of new opportunities and conflicts, and one has to bear in mind that, notwithstanding the progress made, some really important issues remain.

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.

Yes, the increase in population is not a problem if the supply capacity meets the demand; the problem arises when this increase is uniformly distributed. In developing countries with rapid population growth, demand may not be much of a problem. On the other hand, in the developing countries, rapid population growth may outrun the capacity to raise productivity and result in severe imbalances. This disparity in growth contributes to serious problems as these countries try to meet the demand of a growing population, increasing vulnerability while deepening poverty and deprivation. Such an imbalance inherently calls for an addressing of deliberate efforts to manage growth and improve resource allocation toward an equitable and sustainable global environment.

[Accardo]

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.

Countries with high unemployment rates suffers difficulty, and workers in such countries also get “underpaid”, and because, in a country like this, it’s like a privilege to be employed, citizens will not object the chance to work as an “underemployed” staff. For this, the working class people, cannot afford their basic needs; food, and shelter. It simply means that the economy of the country will get—hard.

However, more people need to advance to high paying skills, by taking courses to help fix their personal financial economy. The better every person in the society can make impact in the labor market, the best for their nation's economy.

[CageMabok]

The economy of the past and present is very different, where the average economy of society continues to improve as time progresses and technology becomes more advanced, many people take advantage of the opportunity to make money not only physically.

We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.

Now we can distinguish between hard work and smart work and the combination of the two in every job, because in the past before the development of technology and also the internet network, maybe everyone always worked hard without thinking intelligently so that there was a lot of time that had to be used just to make a little money. While now there are many people who have used new technological devices accompanied by the internet to earn income in a short period of time so that time can be cut down and can be used for other things that are more useful.

[davis196]

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?

There are two types of poverty. Absolute poverty and relative poverty. I've studied about this subject in University 15 years ago, so I don't remember much. You can't simply put all poor people into one category. A homeless person, who is sleeping in the parks or under a bridge and searching for food in the thrash cans is truly poor. Some members of the working class are poor, but they have houses and they can pay their bills and buy some food. Their problem is living paycheck to paycheck and struggling to make ends meet every month.
If you have a roof over your head and food on the table, you aren't totally poor. Your poverty is relative, because some of your basic needs are met, but your standard of living would still be very low, in comparison to the middle class or the rich people.

[YOSHIE]

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

Yes, the current economy can be said to be far from the previous economy, if we examine it from how to get it, the more sophisticated modern technology is, the easier it is for people to get money, does not look at poor and rich.
For example: YouTube content that makes a lot of money from those from poor families turning rich.

But poor then and now are different, poor people used to be able to produce the economy by hard work/labor for rich people, now it is no longer the case that rich people have become poor, because those who are poor no longer want to do manual labor, so much of what we see today is that if rich people don't use technology in their businesses they can go bankrupt without workers.

So as you said, the difference is much different now than before, in terms of economic output.

[Oluwa-btc]

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

I would say there's a big difference with the past economy and the present but life is in stages and just as an individual grows, it get past some certain stages and phases so this is certainly another stages of the economy that we need to know or experience and yes life don't usually give you what you expect on most cases so you need to adjust to it.

Tho the past economy was far better of than this in the sense of balancing to the needs of  the average man as well but now it's been difficult for many as they tend to scale through this phase of the economy.
Imagine then in the past you can use let's say 10$ to go to the markets to get groceries for the house and you will get enough stuffs to carry for months but comparing to now it's the reverse it's just like you took nothing to the markets that's how difficult and different the past economy is to the present.

[Huppercase]

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?

I have to pause for a moment because I don't know why you make your conclusions like that or perhaps you just assumed things based on the things you see around you right. I guess you need to leave your comfort zone and see how life has been in other part of the world. Some people has moved from average life to worse due to war, due to climate change, due to economic decisions and also terrorism, all these has stop them from having a good life.

Healthcare facilities are another aspect that has worsen due to generation and widespread of new diseases and sickness. Back then, common sickness  were yellow fevers, malaria, small pox and chicken pox and with vaccination, all of them disappeared but it seems we now have advanced sickness around us that we are dealing with everyday and you think that things are fair, I'm not sure if that conclusion is okay to say.

[Qiubell5]

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

I would say there's a big difference with the past economy and the present but life is in stages and just as an individual grows, it get past some certain stages and phases so this is certainly another stages of the economy that we need to know or experience and yes life don't usually give you what you expect on most cases so you need to adjust to it.

Tho the past economy was far better of than this in the sense of balancing to the needs of  the average man as well but now it's been difficult for many as they tend to scale through this phase of the economy.
Imagine then in the past you can use let's say 10$ to go to the markets to get groceries for the house and you will get enough stuffs to carry for months but comparing to now it's the reverse it's just like you took nothing to the markets that's how difficult and different the past economy is to the present.

There are always economic differences between the past and the now, because there are adjustments such as the number of individuals and the level of consumption, so there are adjustments to these levels, with the current currency having a smaller value compared to the past, which is what influences the economic levels among this.

[el kaka22]

I remember the good old times when I made a much smaller salary and I was still doing fine, had no issues at all. In my country, if you make a thousand dollars per month, that's good enough to live without much issues, at least that was the case years ago, it meant that you were making more than most people. Now?

Now, you make a thousand dollars and it's still more than majority of the people and you still have hard time living, which is something I do not understand because that means majority of the people are still not doing that well neither, It makes no sense because we are seeing a lot of people have a lot of issues about this, which makes absolutely no sense at all. We should be making more money in this sense, and yet people make even less.

This means that past economy was so great that we would make less than today in comparison to inflation, it is not just inflation that went up, it feels like prices went higher than inflation and inflation numbers are a lie. They tell you it is 10% yearly, but it could be as high as 20-30%, because prices do indicate that, prices shows that it is not just a bit more, it shows it is a lot more and we are having a lot bigger issues because of that.

[N.O]

Present economies are characterized by advanced tech, globalisation & digital transactions leading to increased efficiency. They often focus on services & knowledge based industries. Past economies relied heavily on agriculture & manufacturing with limited technological influence & local markets. Economic structures were more rigid & trade was often conducted through barter systems. Present economies emphasise innovation & adaptability while past economies were more dependent on physical goods & traditional practices.

At that time , persons are successful which adopted the the change and who did not accept that change ,he is far behind.  Millions of people accepted the change in COVID-19 and they got benefit from COVID-19 and many persons did accept that change and they lose everything because there was lockdown and every person was in the house. You had to change yourself by getting current knowledge and current situation of market. Many people earned millions of dollars in COVID-19 and now they are rich person. Especially, BTC was at top and marketing campaign was also wanderful and many investors and hunters got benefit from that benefits and made strong portfolio.

[icalical]

Well, things are different, but that does not mean everything is now fine for everybody. Sure, more people can afford to get the basic needs-food and education-than ever, which actually derives from many programs or support systems, not because of an idealistic economy. Speaking from my experience as a freelancer, freelance jobs today may be more flexible, but the majority of them lack stability. Not every gig or part-time job will have benefits such as healthcare or retirement. While people can earn money that way, it's just never enough to secure a better future. In that case, there are still real problems in today's economy, while some things may improve.

[bestcoins1]

There are always economic differences between the past and the now, because there are adjustments such as the number of individuals and the level of consumption, so there are adjustments to these levels, with the current currency having a smaller value compared to the past, which is what influences the economic levels among this.

Changes in currency values ​​every year can indeed have an impact on changes in life that are more directed at the economic sector because this is also caused by food prices that are not fixed in every country every year so that they can cause other changes in various sectors. Now the economic conditions are indeed different from the past because there are many changes that we have seen and faced slowly over time so that everyone has realized this now that its influence does come from many things every year.

In addition, from the adjustments that are present through technology, there have also been greater changes so that the living conditions of many people now always change faster when we can undergo these adjustments properly. Because people who continue to be left behind because they are unable to adapt to the environment and the use of technology will find it difficult to find better changes in their lives because now there is no effective way to fight the changes that come unless we ourselves make the changes in our living environment.

[Mame89]

The economy of the past and present is very different, where the average economy of society continues to improve as time progresses and technology becomes more advanced, many people take advantage of the opportunity to make money not only physically.

We can all feel the progress of the times as young people have succeeded in developing various aspects of search and employment that can maximize the monthly economy.

Now we can distinguish between hard work and smart work and the combination of the two in every job, because in the past before the development of technology and also the internet network, maybe everyone always worked hard without thinking intelligently so that there was a lot of time that had to be used just to make a little money. While now there are many people who have used new technological devices accompanied by the internet to earn income in a short period of time so that time can be cut down and can be used for other things that are more useful.

The difference between the economy in the past and present is certainly different because of the rapid development of technology and this also requires people to follow its development. Therefore, we must be able to take advantage of today's technology to be able to work and earn income.
As you have explained, jobs in the past and present are very different, the economy in the past was simpler and can even be said to be less efficient compared to the current economy which is more efficient and effective with the internet network that makes it easier to work or earn additional income.

In addition, the value of currency in the past and present is very different, if in the past with just $ 10 you could buy many goods, now to buy the same goods we have to use $ 1000. So it is clearly very different because this is all the result of inflation which also occurs continuously every year.

[MarjorieZimmermanGinger]

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.

Not having a permanent job how can they earn money to meet their living needs and maybe what you mean is because now the government provides assistance to its people, both in terms of health, education and other money so even though they do not have a permanent income people can still eat, provide school for their children or health costs are borne. Now it becomes more complicated because money loses value due to several things and most people are also involved in unproductive debts that affect human life.

There is clearly a significant difference between the economy now and in the past, this is reflected in how a person's ability to run a life. Although people can fulfill some things as you mentioned, but if you look further, the economy now and the past are very different. In the modern world, there are many online jobs that can be done by people as long as they are able to utilize existing technology as a step to make money.

[Marvell1]

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?

Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.

So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.

[Lida93]

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?

Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.

So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.

Regarding the past happenings and those of today's it is not a phenomenon that we have to debate about because it's actually what it is that things are rather getting worse today than it were back then.

Growing up as teens the good experiences about how less difficult life was isn't same as we have today. The post world war effects wasn't as severe as how the COVID-19 pandemic post effect on the economies of the world are facing. I have had time to commune with a few elderly persons and their stories about the past and today's world has always been that the world is getting worse by the day.

The only better and developmental difference is that in our present world technology has greatly improved but the global economy isn't getting a reflection of this development. Cost of living skyrocketing, increased in strange diseases and sicknesses and insecurity on a high level and a majority can't even feed fine. What can you say about that?

[Fortify]

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?

The world is ever changing and we must constantly evolve to face whatever is available. Unfortunately the economic situation for some people is limited by their environment, as sometimes there can be restricted education and high competition for any employment opportunities. This drives down wages and keeps them suppressed at near subsistence levels. This is most prevalent in high population countries and it can be much harder to climb up the economic ladder, or even get your foot on the first rung. There's also an element that some people simply don't want to work harder or smarter than others which can be a distinguishing factor in prospects for someone's future.

[Qiubell5]

Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.

So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.

the difference in economic levels is felt, before and after Covid, the impact is still felt today, and so it is with the past where the economic level is different from now, something that is difficult to explain, because we do not know the economy of the past, it is necessary to ask people who are older than us.

[Iranus]

I have to pause for a moment because I don't know why you make your conclusions like that or perhaps you just assumed things based on the things you see around you right. I guess you need to leave your comfort zone and see how life has been in other part of the world. Some people has moved from average life to worse due to war, due to climate change, due to economic decisions and also terrorism, all these has stop them from having a good life.

I think the world is constantly moving and there is always change, but there will be differences in each country and each region, not everything is better and not everything is worse. There are countries that are getting richer and there are countries that are getting poorer so there will be different thoughts about how the world is changing.

Healthcare facilities are another aspect that has worsen due to generation and widespread of new diseases and sickness. Back then, common sickness  were yellow fevers, malaria, small pox and chicken pox and with vaccination, all of them disappeared but it seems we now have advanced sickness around us that we are dealing with everyday and you think that things are fair, I'm not sure if that conclusion is okay to say.

I think this is not entirely true, the diseases that we call common diseases today such as cholera, chickenpox, smallpox, malaria...these diseases were also called pandemics and took the lives of millions of people at that time. But over time, humans developed vaccines and treatments so they became common diseases. Similarly, incurable diseases are a big problem for humanity today, but they will also become common sickness as we find cures and vaccines in the future.

The downside of world evolution is that we find ways to solve old problems but inadvertently create new problems and it becomes a vicious cycle.

[mindrust]

Just because we are the ones witnessing and experiencing what the covid pandemic is causing, we feel it is so bad and terrible and this is the only bad thing we have ever experienced. But if you ask someone who has been through pandemics in the past or someone who has been through world wars or even revolutions to save their country from invaders. They will tell you that what is happening is insignificant and nothing compared to what they have been through before.

So it is not true to say that the world economy is getting worse. If we want to know whether the world is getting better or worse, let's ask people who have lived through different decades and stages of the world like our grandparents. Don't ask young people born and living in the modern world. We will have a clearer view of the world's development.

the difference in economic levels is felt, before and after Covid, the impact is still felt today, and so it is with the past where the economic level is different from now, something that is difficult to explain, because we do not know the economy of the past, it is necessary to ask people who are older than us.

The economy was still crap before covid but even though it was crap it was still relatively lively. When covid happened, the economy was stopped for like 2 years worldwide. The governments printed money so the people wouldn’t starve but the equation between the money supply and the supply of services and products got a lot worse in the end. The inflation went rampant. Then the FED decided to raise the interest rates to stop the inflation.

Now big companies are laying off workers, cancelling their future investments… and it is getting worse. It will get a lot worse.

What did we achieve in the end? We tried to fool the math and it seemed to work for nearly 2 years or smth.

Stopping the economy during covid19 was a big mistake. You can thank Biden administration for that. Trump called this mistake many times.

Now we are back to where we started, no we are probably in a worse shape than that.