My first instinct is that, yes, these people will be exploited, simply because it is so easy to do so.
Having never had money, many of these people will not know how to manage what they have now. Also, with the level of income increasing so quickly across the board, won't the cost of living go up dramatically and make what everyone is making worth less than in the past?
It seems that intensive training is in order for these newly middle-class folks to make the best financial decisions for themselves.
Do you think this is more the responsibility of DeBeers, the Canadian government, local leaders or the individuals?
I'd be incredibly interested to see how this plays out in the coming years.
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Having never had money, many of these people will not know how to manage what they have now. Also, with the level of income increasing so quickly across the board, won't the cost of living go up dramatically and make what everyone is making worth less than in the past?
It seems that intensive training is in order for these newly middle-class folks to make the best financial decisions for themselves.
Do you think this is more the responsibility of DeBeers, the Canadian government, local leaders or the individuals?
I'd be incredibly interested to see how this plays out in the coming years.