Is this guy really an economist? To come up with such a stupid statement?

There are different types of expenditures, ranging from essential to discretional. If your income does not rise proportionately, you adjust your expenditures accordingly.

To say something like "income rise proportionately" is just sheer stupidity. Because it does not happen in real life.

If we have stupid economists with stupid statements, the country is doomed. Hopefully, there are not many idiots like Ali around.

But that's just the reality. Do you downgrade your broadband when it's price is hike? Do you use less petrol when petrol price hike? Do you eat less hawker food when the hawker increase price? So aren't we all also maintaining our standard of lifestyle in the face of shrinking true income?