The way the economy is resuming this year is already signaling a red flag of price hikes. It is already beating into our daily spending. It is something I have been discussing that the entire acts of the economy is demanding I also step up in price. Almost ALL the sector that facilitate my daily business have increased service prices. The electrical sector increases rates from 1st of January, The transportation sector have also joined in the process and the food sector has automatically aligned.
We as individuals also affect the price of services despite government mismanagement. As you are planning to squeeze one and get a one time gain, the same one will also wait for you at his T-junction (his business line) to get it back and the story continues. Many of us are poor at pressing the calculator because if we actually did, we would discover that this leads to earning more and spending much more.
That was by the way, the essence of today's article is centered on the economic trauma and how it has affected the health of the citizens. Not all are that exposed to opportunities and it is making life very difficult for them.
source
When walking down the road, I often spend time observing how people are fairing, from their face look to their health. Many especially parents have been on a continuous thinking through process to survive the family. It has led to health deterioration. As a single person, I know how much I have to spend daily to meet up.
Adding to that, I am even exposed to opportunities both online and offline yet, it is still choking. How then for these people. The difficult part is that they've lived with their basic skills for a long time and it has always been enough to sustain the family. How can they now easily blend with trends? There are opportunities they can't take advantage of meaning they are relying on the dailies. A lot of this industries are fading out due to innovations and forgone alternatives as the case may be.
Let's look for example the sector of a local mechanic. This sector is not moving swiftly as before. Over here, a lot have chosen to pack their cars and board public transports. Of course, this helps to cut costs. Consider how much they will have to spend daily on car fuel and also car maintenance probably at the end of the month or an unexpected fault. This decision is promoting scantiness in many sectors and of course pushing more to another. Everyone cannot do one thing, just consider how overcrowded the taxi industry would be.
source
That said, the economic health is promoting poor health and diet within the middle class and it gets worse with the poor class. It becomes very difficult as an individual to solve such big a problem. The hopes of a stable economy currently are just futile talks. How long will many citizens be surviving with undernutrition. I am considering the mental and emotional effects this has on parents. This is breaking into the possible life span of many individuals.
The latest news report I heard considering how much every household needs at least to survive a month is whooping. We are talking of something not less than 15% of the current economic escalation. Just assume an economy that has escalated to over 400% in consumption price and we are starting the new year with a 15% increment. This summarizes that it will mean starting off the year with 460% in consumption price. This according to reports stems from the current increase in petroleum motor spirit (PMS) pump price.
producers of PMS are saying there has been an increase in price also in cost of production when merging the materials they have to buy in dollar price. The story will always continue and when pouring it down the funnel, it is the financially less privileged that suffers the most.
One thing is the price going up, another is the price willing to come down. This is the challenge we always have over here, there seems to be market insincerity, producers only alert you when they seem to meet losses and never reverse when things balance back.
To conclude, let me add, my concern in general is how the present uncertainties are affecting the health of many citizens. Health they say is wealth, having to involve oneself in so many activities daily to get a fiat currency that is unsustainable is annoying. The pay market is bad currently, under-skilled workers are facing a lot of economic hit.
Many are already in this crisis after setting a family and assuming all was well to sustain. This is where the health deterring is really setting in. I know a lot of them regret the entire process but it seems too late. We only pray for a supernatural intervention, it is really choking for the under enlightened labor.
Posted Using INLEO