The standard of living is falling because the massive middle class is being looted by the .01%. Trillions of dollars have been funneled up to the ultra rich during the pandemic and afterward, and nothing is trickling down.

And governments around the world are enabling and assisting it, including in Canada at the federal and provincial (and municipal) levels.

Its like saying a unit with asbestos is adequate

So long as asbestos is not (and will not be) disturbed, it is fine. The problems with it arises when any sort of alterations or renovations are needed.

A place I used to live in had asbestos-lined linoleum on the floor. It was 100% safe until the sewer backed up and flooded a bit of the area. When the old lino needed to be removed, it became a risk and required remediation. Until then, it was inert/fine.