everyone is becoming poor

mBC
Kodu is a poor pirate.
‘e
Sotre
[Everyone is poor
Mr. Kim, an office worker in his late 30s.
Every day after work, I drive for 5 hours.
Sometimes I work on weekends:
By working so diligently, I earn about 2 million won more per month.
Straight
[Everyone is poor.
mBC
salary
price
In real time
1o^
3961
Mr. Kim’s monthly salary is about 3 million won after tax.
This year it goes up to 191. It costs about 30,000 won.
Considering that prices have risen by more than 391.1%, real income has not decreased.
all:
sore
mBC
Kim 00
‘Two jobs’ job
I have two children.
I’m sending them to an English academy or a math academy.
Stretch
Everyone is poor
mBC
Kim 00
‘Two-job’ office worker
3 years
sliced
Even so, the academy fee is about 200,000 won.
This gradually increased and now it is 300,000 per month.
That’s about it.
In the end, I even sold the apartment I bought.
seaweed
Unless we sell this house, we can no longer
with salary
Because it was decided that economic activities could not be carried out.
Straight
[Everyone is poor.
mBC
consumer price
7.596
13
19
07
05
rising product
2015
2016
2017
2018
2019
‘2020
How much have prices risen?
Looking at the price trend over the past 10 years, the increase in consumer prices is
From 2014 to 2020, 09 per year for 7 years ~ 1 1 continent.
all
The 7-year cumulative increase is 7.59/.

Straight
[Everyone is poor |
mBC
consumer products
11bws
7.5 1
51
36
13
19
25
07
05
1 Ascension Gate
20149
2015
2016
2017
2018
2019
2020ne
2021
‘2022
‘ 2023
However, accumulated over the three years from 2021 to 2023, it was 11.69/. Jump so fast
It was wrong.
It is no higher than it has been in the past 7 years.
nominal income
2.596
Price 3.6%
Last year, the nominal salary of workers was 2.5:/. It goes up.
But the price is 3.69/. I jumped
This is why the salary goes up.
Straight
[Everyone is poor
mBC
Real wage [won]
3.59 million Yeoncheon
3.59 million 2
0.2%
3.554 million
2021
2022
2023
The average real wage, taking inflation into account, is 3,554,000 won, which is lower than 7 years ago.
1.791. There was a lot.
The year before last it was also 0.2 /. It came out
It means that people are becoming poorer.
Yangdae
people
Now that I’m poor, I’m in this situation
This is worth it
It’s serious.
1After the country started economic growth
There aren’t that many experiences where real income has decreased like this.
[Everyone is poor.
Department of Economics
So, it is now difficult in the sense that it is becoming more difficult to support the household.
[Everyone is poor.
‘Lily
Hanyang University |
The price went up
Now if the wages go up accordingly
We are in great trouble
I feel it
now
The wages aren’t working well
‘I have to say that it is now serious in terms of coming.
Straight
[Everyone is poor.
Rising prices are a global phenomenon.
Here’s the aftermath of the Corona and Ukraine war:
However, there is something different about Korea from other countries.

suet pear
mBC
USA
Italiya
korea
B
nemilgand
Slovenia
Swewen
japan
Canada
real wage
real wage
Unstoppable price report
Booming price report
In the United States and European countries, both prices and wages are rising.
This means that the economy is growing.
On the other hand, in Korea, prices are rising and wages remain the same.
If the U.S. and Europe are experiencing booming price inflation, Korea is experiencing recalcitrant inflation.
no see.
ssotret
[Everyone is poor.
Kim Se-won
In Europe and the United States, the current inflation line is largely driven by domestic factors.
Wages keep rising and
Service prices are rising significantly.
Sotrette
‘Everyone is poor.
Sewan Kim
Therefore, unlike before this and in the early days of Corona, the cause of the inflation line in Europe and the United States is
Rising domestic wages and prices of services, especially hotels and travel.
Straight
Everyone is poor
10
Sewan Kim
and
Teamwork at a restaurant where workers work in the service industry.
Because these costs are high
The inflation line is rising.
Straight
mBC
economic growth rate
5.8
japan
19%
2,6
16
‘2021 girl
‘2023Ne9
Last year, Korea’s economic growth was 1.49…
For three consecutive years, we believe in the OECD average.
For the first time in 25 years, we lost to Japan.
Straight
mBC
economic growth rate
0 1998
2009
2020
2023
07
IIMF foreign exchange crisis
Moronaf’s
[Loss: Donggyecheong)
Korea’s economic growth rate is 2/. It has fallen below only three times since the 1990s.
In 1998, when the IMF foreign exchange crisis occurred, in 2009, when the global financial crisis broke out, and
It is 2020, when the coronavirus hit the global economy.
This is the first time that it has fallen to 17/. even without such an external shock.
thread
Everyone is poor
mBE
A situation where the economy is not growing and prices are only rising:
People are getting poorer.
As poor people close their wallets and consumption decreases, domestic demand worsens.
It is
You’ve fallen into a vicious cycle.

Straight
Everyone is poor
Sangmin Lee
Distinguished Research Fellow
‘The country’s economic growth rate is lower than Japan’s
Just in the last 50 years
There is only one time before.
Threat
[Everyone is poor.
Sangmin Lee
Distinguished Research Fellow
First in 1980. 1980 ‘Seoul’s
‘After this, when the president virtually ceases to exist,
[country
Growth in Japan
growth spurt
It’s low
Straight
[Everyone is poor.
Sangmin Lee
Distinguished Research Fellow
The second is the 1998 foreign exchange crisis IMF. Korea’s economic sovereignty0
When it comes to nothing
Even then
Lina
economic growth
(More than the daily report
Straight
Everyone is poor
Sangmin Lee
Distinguished Research Fellow
The first one was last year.
In 2023, something very unusual happened, with the economic growth rate being lower than Japan’s.
Straight
Everyone is poor
Distinguished Research Fellow
Coup d’etat
holding
IMF
crisis
I didn’t wake up
The reason why it is lower than in Japan is because domestic demand is not stable.
Straight
Experts agree that this is a real crisis.
At least, there are signs that major exports such as semiconductors and automobiles will recover this year.
though
There is no sign of domestic demand.
mBC
Self-employed person’s egg
As consumption decreases, self-employed people are rising steadily.
Straight
The fall of the book-only business owner
MIa
Lausan Business Closure Allowance Payment 2023
1 trillion
60 billion
110,000 (20%)
The yellow umbrella deduction is the money paid to small business owners who closed down last year.
It exceeds 1 trillion won for the first time.
The number of cases also increased by 209% compared to 7 years ago, exceeding 770,000 cases.
The reason why self-employed people are shutting down is a sharp decline in consumption.
Gross Domestic Product (GDP)
[Private consumption
Private consumption plays an important role in the economy, accounting for about half of GDP.
I will come.
It’s early in the day
Sangmin Lee
Straight

mDC
Private household consumption steam
With a rapid recovery after COVID-19, private consumption growth increased to 1.89 last year.
After 7 years, it has been cut in half again.
The fact that private consumption growth has fallen to 19% is also unprecedented:
As prices fall, people stop spending money.
(Mid red
we do every day
(It is
Consumption price
‘It’s over, other countries too.
By the way
Mid-low
meertu)
I mean
Closely – cremation refund amount’
(Otherwise, it will be difficult for the economy to revive.
Jeonghee Lee
Department of Economics
cow
Jalwol-eojaha-il-eodui Yeom-eo J-je-do’s telekinesis is also low.
Jeonghee Lee
Department of Economics
negative domestic demand
not in
will be brought
Pride – It’s me
{The fall of one million self-employed people |
If private consumption shrinks, the government must increase its consumption framework to prevent economic contraction.
it
Yes.
straight
The joys of self-employed people |
mBC
government consumption growth rate
But even the government is not spending money.
Government consumption growth is expected to increase by 4.3% in 2022 from 1.39 last year.
1 piece
It’s better.
The economy is shrinking even further as the government closes its wallet despite saying it will maintain sound finances.
That’s it.
Straight
Sangmin Lee
lGeonoi Sobalunseu government
Of course oh
Yanghap Lim Haman
It’s not that bad
Mansanlopsreddeul
To get there
Next to Hwasukbironde
Sangmin Lee
‘Senior Research Fellow
Rather, between the eyebrows
[Emigration side]
The shape
There is no last year
Sangmin Lee
{Researcher
stomach function
Jak a- Jakbuwonae { Wigotonjeokbulju-ryang

mBC
mIs
The absence of self-employed people is serious.
However, the government’s plan is to switch to a lower interest rate.
It stops there.
This is a way to avoid paying off debt by taking out debt:
I thought I would post a video at the end of the post because it was long.
Rich people say that even if prices rise, they will be hit 0.
It may be obvious, but the lower the income, the more affected it is.
The middle class has also been hit hard and is being dragged down to the bottom.
The middle class is disappearing and polarization is worsening.
middle class in crisis
[Ha Jun-kyung
Professor, Department of Economics, Hanyang University
Because the economy is very disconnected and polarized,
m table
Dekimite
crisis of acidosis
[Ha Jun-kyung
Professor, Department of Economics, Hanyang University
The ‘trickle-down effect’ is difficult because the channels through which it occurs are very limited.
m middle s
Straight
ot