Why the buying power of wages is diminishing all over the world?

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Why is the cost of living going up when technology should allow humans to increase productivity while decreasing human workload?

In: Economics

15 Answers

Anonymous 0 Comments

The less you earn + the more stuff costs + the cheaper it is to make = the bigger the profit. And profit has no upper limit, so companies have optimized for maximum profit over the years. It’s a game we all play called capitalism.

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