Salary is not making people poor.... Inflation is

[HONDACD125]

The government sets the minimum wage. The government agency announces the inflation rate. Normally, if inflation is actually 100% but this agency reports it as 30%, the government will give a smaller than necessary raise to wages. In this case, the public's purchasing power decreases.

This is another way of stealing money from people's pockets. Governments that have been in power for a long time use this method to try to hide the poor state of the economy. Even if inflation is high, they manipulate the numbers to make it appear low. In reality the situation is very different. Unfortunately a large portion of the people can't see what's really happening.

Governments that are corrupt to the core use a lot of tactics to hide a lot of things from their people so that they can benefit and the people keep suffering. The taxes that are taken from the people are not all used for the country and the people, and the percentages of taxes in most countries with corrupt government officials are very high compared to the facilities provided to the people by the government in the name of those taxes. The government and every government employee gets paid from the tax money, but most of them don't even fulfill their duties properly, which is a shame but nothing can be done against them since they are powerful.

In our country, inflation has been rising rapidly for years now, but we don't see an increase in the wages at all, especially in the private sector, because not every person can get government employment, so the majority mostly works for private companies, but the salaries that they get are not even enough to get through the month considering the inflation and constantly rising prices of goods and services. It's pure cruelty, but nothing can be done because you can't speak against it or you will have to face severe consequences for it.

[ingiltere]

And take note about the taxes as well. People pay taxes while they're being robbed through fake reports about the inflation.
They're reporting lower than what actually it is so that they won't panic but it's visible and experienced through the actual purchases.
The money the minimum wagers earn is being felt heavily because they see the reality about it when the price of everything gets more expensive.

The tax system always works in favor of the wealthy. While taxes are deducted from salaried workers' paychecks immediately, the wealthy have many loopholes to exploit. Many of them avoid paying taxes or pay the minimum amount by claiming everything as a deduction. These are tactics that have been used for years.
It's very difficult for salaried workers to save money and live comfortably. They must invest, but with such a large portion of their earnings deducted right from the start, what money do they have left to invest? It's a vicious cycle.

[Chilwell]

And take note about the taxes as well. People pay taxes while they're being robbed through fake reports about the inflation.
They're reporting lower than what actually it is so that they won't panic but it's visible and experienced through the actual purchases.
The money the minimum wagers earn is being felt heavily because they see the reality about it when the price of everything gets more expensive.

The tax system always works in favor of the wealthy. While taxes are deducted from salaried workers' paychecks immediately, the wealthy have many loopholes to exploit. Many of them avoid paying taxes or pay the minimum amount by claiming everything as a deduction. These are tactics that have been used for years.
It's very difficult for salaried workers to save money and live comfortably. They must invest, but with such a large portion of their earnings deducted right from the start, what money do they have left to invest? It's a vicious cycle.

I agree with all what you have said, salary earners cannot invest that money because it's very small, I mean no matter where you are working salary is always salary and it never enough. Government is just being wicked because they always concentrate only on the salary earners, since they know they don't have any hope for themselves that is why they tax them the way they like and anytime they talk about the minimum wage, they don't respond to them very well and immediately the implemented that they remove it back through tax again.

System of not taxing the wealthy people is definitely wickedness because all those rules are set by Human beings which I believe they can do something to give civil servant relief, they know that they are suffering despite earning salary. The system just favor the wealthy people living the poor people in serious struggle.

[sunsilk]

And take note about the taxes as well. People pay taxes while they're being robbed through fake reports about the inflation.
They're reporting lower than what actually it is so that they won't panic but it's visible and experienced through the actual purchases.
The money the minimum wagers earn is being felt heavily because they see the reality about it when the price of everything gets more expensive.

The tax system always works in favor of the wealthy. While taxes are deducted from salaried workers' paychecks immediately, the wealthy have many loopholes to exploit. Many of them avoid paying taxes or pay the minimum amount by claiming everything as a deduction. These are tactics that have been used for years.
It's very difficult for salaried workers to save money and live comfortably. They must invest, but with such a large portion of their earnings deducted right from the start, what money do they have left to invest? It's a vicious cycle.

You're right, there are ways that the wealthy can play it out and through donation they can be exempted with it.

They know how to play it around and the loopholes about it and that's why I think some of the biggest and wealthiest corporations out there doesn't pay taxes.

So, those who are telling others to invest but they just can't. This is one of the reasons why they have no money left after paying all of the obligations they have, none is left.

[DYOR+BTC]

And take note about the taxes as well. People pay taxes while they're being robbed through fake reports about the inflation.
They're reporting lower than what actually it is so that they won't panic but it's visible and experienced through the actual purchases.
The money the minimum wagers earn is being felt heavily because they see the reality about it when the price of everything gets more expensive.

The tax system always works in favor of the wealthy. While taxes are deducted from salaried workers' paychecks immediately, the wealthy have many loopholes to exploit. Many of them avoid paying taxes or pay the minimum amount by claiming everything as a deduction. These are tactics that have been used for years.
It's very difficult for salaried workers to save money and live comfortably. They must invest, but with such a large portion of their earnings deducted right from the start, what money do they have left to invest? It's a vicious cycle.

That is the system of operation we have now, all over the world now the poor masses spends there time, energy and resources with hope it will be beneficial to all without knowing all is just for the betterment of the rich and wealthy all because of greed and the wicked mindset that exist in them.  With the way things are been done now after all the suffering they rich always finds all the possible means of making the poor suffer for the betterment of only them and not for all just because the rich believes riches is only good for them alone.

[MRY]

The government sets the minimum wage. The government agency announces the inflation rate. Normally, if inflation is actually 100% but this agency reports it as 30%, the government will give a smaller than necessary raise to wages. In this case, the public's purchasing power decreases.

This is another way of stealing money from people's pockets. Governments that have been in power for a long time use this method to try to hide the poor state of the economy. Even if inflation is high, they manipulate the numbers to make it appear low. In reality the situation is very different. Unfortunately a large portion of the people can't see what's really happening.

Governments that are corrupt to the core use a lot of tactics to hide a lot of things from their people so that they can benefit and the people keep suffering. The taxes that are taken from the people are not all used for the country and the people, and the percentages of taxes in most countries with corrupt government officials are very high compared to the facilities provided to the people by the government in the name of those taxes. The government and every government employee gets paid from the tax money, but most of them don't even fulfill their duties properly, which is a shame but nothing can be done against them since they are powerful.

In our country, inflation has been rising rapidly for years now, but we don't see an increase in the wages at all, especially in the private sector, because not every person can get government employment, so the majority mostly works for private companies, but the salaries that they get are not even enough to get through the month considering the inflation and constantly rising prices of goods and services. It's pure cruelty, but nothing can be done because you can't speak against it or you will have to face severe consequences for it.

The difference between the heavy taxation and consequent low public provision is actually an indication of unhealthy governance. Victims of corrupt regime always feel helpless to such a form of injustice. The lack of increase in wages and a soaring inflation put one in a heavy load when facing day to day life. This is indeed a test of mental and economic stability of everybody.

[Youngrebel]

Governments that are corrupt to the core use a lot of tactics to hide a lot of things from their people so that they can benefit and the people keep suffering. The taxes that are taken from the people are not all used for the country and the people, and the percentages of taxes in most countries with corrupt government officials are very high compared to the facilities provided to the people by the government in the name of those taxes. The government and every government employee gets paid from the tax money, but most of them don't even fulfill their duties properly, which is a shame but nothing can be done against them since they are powerful.

In our country, inflation has been rising rapidly for years now, but we don't see an increase in the wages at all, especially in the private sector, because not every person can get government employment, so the majority mostly works for private companies, but the salaries that they get are not even enough to get through the month considering the inflation and constantly rising prices of goods and services. It's pure cruelty, but nothing can be done because you can't speak against it or you will have to face severe consequences for it.

In so many countries where corruption exist badly citizen will actually feel disconnected from how public funds are managed, most especially when tax keep increasing while the country economy remains poor and when people see politicians and government workers living comfortably while the common man struggle to put food on his table rent house, transportation, and healthcare costs, it automatically creates cause frustration.

[ChocolateBitcoinK]

Governments that are corrupt to the core use a lot of tactics to hide a lot of things from their people so that they can benefit and the people keep suffering. The taxes that are taken from the people are not all used for the country and the people, and the percentages of taxes in most countries with corrupt government officials are very high compared to the facilities provided to the people by the government in the name of those taxes. The government and every government employee gets paid from the tax money, but most of them don't even fulfill their duties properly, which is a shame but nothing can be done against them since they are powerful.

In our country, inflation has been rising rapidly for years now, but we don't see an increase in the wages at all, especially in the private sector, because not every person can get government employment, so the majority mostly works for private companies, but the salaries that they get are not even enough to get through the month considering the inflation and constantly rising prices of goods and services. It's pure cruelty, but nothing can be done because you can't speak against it or you will have to face severe consequences for it.

In so many countries where corruption exist badly citizen will actually feel disconnected from how public funds are managed, most especially when tax keep increasing while the country economy remains poor and when people see politicians and government workers living comfortably while the common man struggle to put food on his table rent house, transportation, and healthcare costs, it automatically creates cause frustration.

And this is happening in many countries now. People's income never increases, but every year different types of taxes are being created, people are only suffering financially in different ways, along with the amount of expenses people spend in their daily lives is constantly increasing, but their income never increases. This is why different types of problems are created in a country. When corruption reaches such extreme levels in a country, instability is created in a country. It is never possible to escape from this issue, good governance is a very rare thing in the present times.

[mobilestrike]

In the last 50 years, at least as an example, USA home prices went up 3 times higher than salaries did. An average salary has to pay three times more than what our parents did. So it is obvious that this is true for almost everything, some are less, some are more, of course it is not the same in every case.

Even in food, some are less, some are more, some prices went up like crazy, while some stayed the same. But on average, our cost of living, is three times higher than the amount of salary we are getting compared to those days.

[Abu-Naim]

In the last 50 years, at least as an example, USA home prices went up 3 times higher than salaries did. An average salary has to pay three times more than what our parents did. So it is obvious that this is true for almost everything, some are less, some are more, of course it is not the same in every case.

Even in food, some are less, some are more, some prices went up like crazy, while some stayed the same. But on average, our cost of living, is three times higher than the amount of salary we are getting compared to those days.

We can’t compare their time with our time, they had a very good leadership that set up their economy in a way they will not suffer price hike due to price control and other regulations that take care of salary increment and also to regulate how inflation will affect it, so that citizens can afford their needs with what they are earning.

But in this generation, inflation has spoiled everything even though some countries are still considerate to pay salaries that will be enough for their citizens to be satisfied; while some countries are not paying salaries that will even afford their citizens needs not to talk of having savings because the government couldn’t control price hikes due to inflation, and they couldn’t increase the salaries for their workers.

[savetheFORUM]

The tax system always works in favor of the wealthy. While taxes are deducted from salaried workers' paychecks immediately, the wealthy have many loopholes to exploit. Many of them avoid paying taxes or pay the minimum amount by claiming everything as a deduction. These are tactics that have been used for years.
It's very difficult for salaried workers to save money and live comfortably. They must invest, but with such a large portion of their earnings deducted right from the start, what money do they have left to invest? It's a vicious cycle.

Didn't knew that the salary workers are being charged or deducted by a tax too, by the time they will now receive their paychecks. All the time I thought those deductions are from our benefits like pension for example. But those deductions like pension is still like a saving or an investment for our future self and are useful when we can not work anymore. Even the tax one can come back on us too.

We only need to hope that the government will not pocket it. I don't think taxation has an exemption. In fact, the wealthy has more responsibility for this because they have a lot of possessions in life. It is just that like you said there, they can be wise enough to dodge (maybe some of it only) .

[Ayebabara]

The topic, when well studied can bear itself some elements of truth because people have been sustaining with salary right from the onset
and they are having been making ends meet and doing well with their families in the pasture.
Our parents who were previllege to be on salary were the most responsible people then days but for now am thinking of some that needs to be reviewed in the country especially in Nigeria, salaries are not helpful anymore because of high inflation though before this period of time the salary being payed to workers was really not enough to earn a living in the society.

Inflation on its own is another strategy employed by the elites of the country to inflict poverty on the poor for them to get more porrer in the society, the leaders mounds odour of evil in the society and that is why the evil that men do hunts them in the future and we the younger generation are now suffering from the evil that they spew.

Salaries can be increased but they refused , am not saying that the salary can't sustain people nowadays but the insufficiency is too much
they should increase every salary in the country for inflation not to affect the citizens.

[passwordnow]

In the last 50 years, at least as an example, USA home prices went up 3 times higher than salaries did. An average salary has to pay three times more than what our parents did. So it is obvious that this is true for almost everything, some are less, some are more, of course it is not the same in every case.

Even in food, some are less, some are more, some prices went up like crazy, while some stayed the same. But on average, our cost of living, is three times higher than the amount of salary we are getting compared to those days.

I've seen that comparison, it's true that the older ones can afford to have a house before with that lesser salary. But this time, even with 3x of the salary that people have, it won't even be enough to pay all of it. Thanks to inflation, things have gotten more expensive and even the middle class people can no longer afford things to be owned at these expensive rates. One salary isn't enough anymore.

[Floczy]

You are right.

You can be getting a good amount of salary, but in a country where inflation increase overtime that same salary will loose value, therefore you will require to get more money to fit with state of things.

With that understanding, you have to get other means of earning to match with the inflation, also you can save in Bitcoin or other stable currencies.
But having different sources of income will go a long way to survive the inflation

[Parveziqbal123]

you are absolutely right, salary is not making poor. if we look when cost of living increase then automatically we feel our income is less. If we look back 2019-20 we can survive easily on our income, but today inflation is more exacerbating than our income or salary. For example, if we earn 50k today that is more than past but we could not fulfil our expenditures as we did in past. This dilemma not only in one country but going in every sector or market of any country. Even businesses also going in loss due to inflation. Salary person cannot do even side in this decade. 

[bubilas]

In the country where I live, inflation is constantly high, but until last year I was able to receive huge increases in my part-time job. The employer saw that I was working well, so the bonuses from this part-time job covered all price posts due to inflation. But this year, my salary has barely been increased. I immediately realized that if this continues, I will live solely on my investments in cryptocurrencies. I've been ready for this for a long time because I'm investing in DCA and I'm not worried about losing my part-time job at all. After all, it's wonderful to be financially independent. There would also be ways to withdraw money tax-free... but these are my dreams.

[colinistheman]

In the last 50 years, at least as an example, USA home prices went up 3 times higher than salaries did. An average salary has to pay three times more than what our parents did. So it is obvious that this is true for almost everything, some are less, some are more, of course it is not the same in every case.

Even in food, some are less, some are more, some prices went up like crazy, while some stayed the same. But on average, our cost of living, is three times higher than the amount of salary we are getting compared to those days.

I've seen that comparison, it's true that the older ones can afford to have a house before with that lesser salary. But this time, even with 3x of the salary that people have, it won't even be enough to pay all of it. Thanks to inflation, things have gotten more expensive and even the middle class people can no longer afford things to be owned at these expensive rates. One salary isn't enough anymore.

I agree that inflation causes house prices to rise, but blaming inflation entirely is not completely accurate. Inflation is only part of the story.
Housing prices also rise because real estate is a limited supply asset, construction costs keep climbing, and speculation in the market pushes prices higher.
In particular, as the population continues to grow while the supply of land and housing is limited, rising home prices over time are almost inevitable.

Similarly, sharp increases in the prices of other goods are often driven by supply and demand imbalances, not simply inflation.

[YellowSwap]

And take note about the taxes as well. People pay taxes while they're being robbed through fake reports about the inflation.
They're reporting lower than what actually it is so that they won't panic but it's visible and experienced through the actual purchases.
The money the minimum wagers earn is being felt heavily because they see the reality about it when the price of everything gets more expensive.

The tax system always works in favor of the wealthy. While taxes are deducted from salaried workers' paychecks immediately, the wealthy have many loopholes to exploit. Many of them avoid paying taxes or pay the minimum amount by claiming everything as a deduction. These are tactics that have been used for years.
It's very difficult for salaried workers to save money and live comfortably. They must invest, but with such a large portion of their earnings deducted right from the start, what money do they have left to invest? It's a vicious cycle.

I agree with all what you have said, salary earners cannot invest that money because it's very small, I mean no matter where you are working salary is always salary and it never enough. Government is just being wicked because they always concentrate only on the salary earners, since they know they don't have any hope for themselves that is why they tax them the way they like and anytime they talk about the minimum wage, they don't respond to them very well and immediately the implemented that they remove it back through tax again.

System of not taxing the wealthy people is definitely wickedness because all those rules are set by Human beings which I believe they can do something to give civil servant relief, they know that they are suffering despite earning salary. The system just favor the wealthy people living the poor people in serious struggle.

I am guessing that your country's very own situation has affected your way of thinking, you should erase that thinking that salary will never be enough from you mind because there are jobs out there that pays alot of money that if you get paid in a full year you are made.

There are some jobs that really pays very well, that before Inflation eats all your cake it's already in your stomach, have you seen that new Elon musk data center? Those workers are well paid.

Another good example is crimson deserts team, they made 179million dollars on that game by selling 5 million copies, they made alot of money so much that the lead Devs gave extra bonuses to all their 700+ workers lol.

[@Afzaal126]

Salaries do not make people poor. The most important reason for the increase in poverty is inflation. As the prices of food, housing, electricity, gas and other commodities are increasing, the income of the people is much less than their needs. Therefore, they cannot meet their needs and they have to face poverty and challenges. The lower and middle classes are particularly affected by inflation. Governments should control inflation and increase people's income appropriately.

[EarnOnVictor]

I understand the school of thought you brought this from; inflation is the culprit, but in the end, it is still linked back to the salary. A poor salary will not be able to fight inflation because it is not reviewed higher in the proportion of the inflation, period.

A good country do review this often to ensure that the salary earners are not cheated. This is why countries' governments review their minimum wages to reflect the current economic reality.

Besides, in the world of sustainability, financial freedom and wealth, salary has never been the way.