Will_Bite
Prime Minister (20k+ posts)
If you have relatives in the middle class who trade in Sugar, Flour and Oil/Ghee.... then you must be right. If you have friends, dealing in pharmaceuticals, you are damn right!
But if you are a labourer, whose monthly income was raised from 15K to 20K (33% increase), then you are in a big trouble and almost at the verge of extinction right now in Pakistan. Because, only Roti has seen a price increase of 50% in the past year. Oil is almost 120%, Sugar is 100%, Flour is by 60% and Pharmaceuticals have almost increased 500% of their prices.
Relatively, the prices of clothing and housing have also shot up ... manifold.
So yes, the middle class is booming..... but at the expense of something.... guess what is that? is it the growing and deepening disparity?
I do not understand why people sometimes become more Christian than the Christ. If IK is admitting that there is a big inflation, then why the Youthias are saying there is not?
Forget oil/ghee. Im talking about middle class, that has educated themselves well, and has educated their kids well. Twenty somethings are working as consultants left right and center. IT sector has boomed more than i expected. Income of the middle class has grown at pace faster than inflation.
The rich poor disparity has always been there in Pakistan, and will take a while to correct. Inflation is there. I dont need IK to tell me that. Inflation is there ALL OVER THE WORLD.
In case youve been living under a rock for the past 2 years, COVID happened. Wake up. Its a reality of life. Prices are up everywhere. Everyone with half a brain knew that the impact of layoffs would come a year or so later.....it will take time