Dwindling purchasing power
At the rate the prices of things are shooting up, whatever subsidies will quickly be eroded away. Those lower income earners, including all under $5k household income, will feel the squeeze. The purchasing power of their dollar is getting smaller by the day. The only people who can cushion against a lost of income from a dwindling dollar will be those who can command a 20% or 30% salary increment. I have yet to read in the media how much has it cost the people with all the increases taking place, the 2% gst, housing, food, medical fees, transportation, etc etc. How much of the dollar has already been wiped away without the people spending the money?