Everything happen initiates from a root.
Just like how money makes the world goes round.
(1)
Centuries ago, the society only consist of the rich and poor.
Gone were the days where the rich only focus on pursuing wealth,
and enjoy luxurious life, while the poor just earned enough to survive.
(2)
As time passed, abundance of life changing opportunities
(e.g better education, job opportunities...)
came by, and changed the mindset of the society, esp. the poor.
These opportunities had created hope, that will change ones life for better.
While the rich remain unaffected, the poor were driven to strive for
better success, in hope that it will improve the family's financial status.
That is where the "middle income" society were born.
(3)
Due to the influx of mid-skilled & skilled worked's contributions
to the country's development, the population of mid-income society gradually
increased. Some had gained better success in life, and joined the
rich community. In other words, the poverty rate had been reduced.
(4)
As time passed, greed had taken control of people's life.
Or in better words, inflation had caused the cost of living increased
tremendously, while the rate of income growth remained stagnant.
The income disparity between the rich and poor starts to get wider and out of control
(The rich getting richer, and the poor getting poorer).
To the rich, there is no time to rest as you must keep abreast
with countless competitors business strategy,and keep on improving
to remain competitive in the market.
As for the middle incomer, we could barely enjoy life,
as our earning is barely enough to pay for the necessity
& monthly expenses.
As for the poor, their measly earnings is barely enough
to survive for a day, not to mention to support a family.
(5)
Moving on, as time passed, the majority of the middle income society
will soon 'returned' to their root as a 'poor incomer' when
their income growth cant grow as fast as the inflation rate.
In other words, the currency value depreciate, as the inflation appreciate.
(6)
In the end, the society will be segregated
between the rich and poor.
Dont you realised we are slowing returning to the root point (1)?
