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Price Rise!
2007/10/11,10:20

My grandfather used to tell me what he could buy in his time for the same money we now use to buy a product. It is always mind boggling.  I used to think that we are paying way too much now, often forgetting the fact that we also earn that much proportionately.

This popped a question in my mind. What is the necessity to increase salaries and also increase the price of the commodities? Is it because man wants a change always, despite the natural changes?

Are common people confused with terms such as inflation and more frightening terms from Economics and thus evade their understanding of what might be very simple to follow? And because we don't understand, we run along on this non-stop treadmill of man made economical changes!

While these could apply to products, one of the alarming facts is that we need to buy drinking water, which definitely was not the case during my grandfather's childhood times!  How would it be like if we were to buy oxygen also to survive?

The release of new products and a subsequent price rise, salary rise to account for the cost of living while seem to be interconnected to man created need to keep upgrading things, surely a short supply of natural resources contribute to the price rise.

Short supply is due to several reasons. Gandhi mentioned one prominent reason. "The earth provides enough to satisfy every man's needs, but not every man's greed"

 

 

 

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