Economy is a collective term that includes the production and sale of goods and industrial products, food as well as services.
The basic principle of the economy is based on a gigantic barter trade. People give their labour power as labour providers and receive a wage for the work done from those who use the labour power, i.e. the labour recipients.
Labour giver and labour taker describes the actual state of affairs, yet the common usage is employee and employer, which distorts reality or turns it upside down.
The same twisted picture applies to pensions: In 1977 (Germany), after 45 years of contributions, the standard pension was still just under 60% of the average annual salary. In 2021, the so-called standard pension is only 48% and thus less than half of the average salary from employment.
The development of wages and pensions, but also sharply increased costs for housing led to a creeping impoverishment of part of the population. As a result, a large number of food banks have been established nationwide in Germany to support the food supply of these people.
The question is how long the economy can put up with these conditions. The economy does not only depend on well-trained skilled workers; unskilled workers are also needed to the same extent. Everyone who works should also be paid appropriately for their work. This means a minimum wage that on the one hand ensures a sufficient living, but on the other hand also ensures an appropriate pension level. In general, the extreme differences in remuneration for work done must be critically questioned.
The different tax systems should also be questioned. There is no question that a state needs taxes in order to fulfil its core tasks. However, the use of tax revenues must be scrutinised. It is also unacceptable that internationally active corporations can do business without paying taxes or with only low taxation. Yet it would be simple if the activities carried out in each individual country were also taxed according to national laws.