By The Boy Who Procrastinates - August 24, 2019

When the topic regarding the cost of living was brought up with my friends, some of them lamented about how the price of everything has increased except for their salaries. 

Admittedly, I am able to relate to their frustrations, especially when the labour market has been mired in the doldrums during recent times of economic downturn. 

Furthermore, as one would expect, such monthly active income provides a pivotal avenue of wealth accumulation and is instrumental in the early stage of journeying towards financial independence. 

To enjoy a rising standard of living, the wage hike should ideally commensurate with the increase in price of goods and services at a minimum. This would ensure that the purchasing power of income is not significantly eroded by inflation. 

Building on from the previous post on inflation, this article aims to shed light on the sustainability of income growth

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