This demand or appetite for life’s luxuries, and the credit used to pay for it, is causing a huge vacuum, and the only way to fill this vacuum is for wages to keep increasing at alarming rates to support it.

The biggest problem is that throughout our entire lives, we are being told that it is good to want everything now, and that it is our right to have everything now, regardless of whether we can afford it or not.

I want to make this clear right now, that I don’t blame people for the mess they are in, or for the huge increase in cheap overseas labour, I only blame the institutions who encourage the behaviour we see so evident in westerners. But what I will say is that before you go blaming overseas labour for stealing our jobs, maybe we should learn to take a leaf out of their book when it comes to the way we treat our finances and our appetite for life’s luxuries.