The cost of living crisis is going to end badly on our current trajectory
It’s getting harder and harder for people to afford to live. The wealthy and big corporations are taking more and more from the middle class while wages aren’t going up. This is unsustainable in the long run. If people don’t have spending money, many industries that rely on people having extra cash will go out of business due to decreased profits. Which will likely cause mass unemployment and a recession/depression like we have never seen before in our lifetime.
Many countries are not addressing the economic issues that the middle class are having and when the middle class is weak the whole nation’s economy suffers. The global economy is completely broken right now and if things don’t turn around it’s about to get ugly.