Sneaky Admin is Sneaky: Gold Scam
Emperor Rick
Notice how all the prices & wages have plummeted across the eplanet?
It's not so surprising due to the massive increase in supplies in all sectors. Admin recently added the ability for company managers to work in all of their companies. This dramatically increased the goods in the market which heavily outweigh demand for these products. As a result prices have decreased, and since companies are no longer receiving the profit they once attained - they had to drop wages as well.
Now let's look at the price of gold...
In the US its gone from 55USD to 60USD.
Which doesn't sound like much, but the dollar is no longer worth what it was due to deflation. Making gold much more valuable then it was previously.
Why?
Now that gold is more valuable e-citizens will be more tempted to purchase gold with IRL $$$
This is a scam to increase eRepublik's revenue.
EDIT - Q & A:
Bezaban aske😛
So, should I cash out my gold nao or something?
You're supposed to provide a solution to the problem. Derp.
A: Personally id hold onto your gold. There is no reassurance what will happen next so I can't give any advice on this matter. ADMIN surely wants to kill the game with all of these drastic changes.
Comment by MaxKeiser
Economy means managing scarce resources. When all resources become unlimited economy goes into exponential growth. The only scarce resources that are left in this game are GOLD and wellness recovery limit.
Admin is trying to kill the game.
Comments
I knew it all along...
"Admin recently added the ability for orgs to work in all of their companies."
I assume you mean "...company managers (citizen only) to work in all of their companies."
But yes, this will dramatically change the game. The game's most active citizens (usually those running companies) are about to get a huge boost, and once again the New World's economy gets ready for another wild ride.
The real question is: will there be another mass ragequit???
v/s
I dunno if it will be a ragequit, but clearly the game will die.
inb4 deleted and FP
So, should I cash out my gold nao or something?
You're supposed to provide a solution to the problem. Derp.
Colin Lantrip is a Serb PTOer!
It's only a matter of time before this game is dead. Everyone sees it. The designers are just trying to milk us dry while they can.
"Admin recently added the ability for orgs to work in all of their companies. This dramatically increased the goods in the market which heavily outweigh demand for these products. As a result prices have decreased..."
Not true.
It really didn't increase the amount of goods much. What it did was allowed company owners to work in all of their own companies for no salary.
I own many companies. Why should I pay 10 people $35/day, for a total of $350, to make $370 IF the stuff sells? I can work for myself in multiple companies FOR FREE and make the same amount of profit...plus get multiple additions to my work skill...plus not have to go through the whole process of hiring...plus not have to worry about retards who know better working at 40 wellness...plus not have 15 PM's per day asking for a raise or money for boosters or food.
In fact, if it did anything, it DECREASED the amount of goods on the market because a lot of people got fired, and likely went into a commune.
Rebel
Dell, working in a company - for no profit - & generating goods for no cost is flooding the market with extra goods.
Supply and Demand
Cause and effect
Herp Derp
If there was a decrease of supplies in the market - prices would increase.
Perhaps I wasn't clear, or your reading comprehension skills are subpar.
I could employ 10 people and make $20 a day from the razor thin profits left after paying them all. Or, I would work the same empty company as a manager and make $20 a day on sales, with no salary cost.
Ten skill-10 workers working at 100 wellness will produce 2900-3200 grain/iron/stone/oil per day. When I work in an empty company that I own with no boosters, I make 320 raw material units per day. This is a 90%(+/-) DECREASE in production.
Prices are decreasing right now because everyone is in panic mode and shutting down and/or selling off extra stock. Salaries and raw materials prices dropped 50% in the past week. I predict that they will recover 30% of that loss once the markets find a balance point. The 20% loss will be due to manager-only companies producing for no cost, other than for the cost of food to recover back to 100 wellness.
Also, you could factor in the recent influx of Turkish and Mexican workers crowding up the job market, making domestic labor a less valuable commodity.
The truth is that your purchasing power will remain roughly the same. Your pay will be lower, but food, weapons, houses, etc will also be proportionally lower.
Does Economics 101 work here too?
Awesome...
Dell i understand what you are saying, it's just that you are wrong. First you clearly don't understand how economics work. You've made that obvious...
let's look at the points you've made...
"Prices are decreasing right now because everyone is in panic mode and shutting down and/or selling off extra stock." Do you have any proof to back up that statement or are you just assuming? The market didnt crash when admin sent the news days ago, it crashed after the update. After the influx of goods.
When I work in an empty company that I own with no boosters, I make 320 raw material units per day. This is a 90%(+/-) DECREASE in production."
You’re not employing anyone. You are working multiple times for free in your various companies. You are producing more products now for free then what you were doing before.
What are you going to do with these products you’ve made for free? You are going to put them on the market of course. Now add in the fact that everyone is doing this, and you’re going to have an excess amount of products on the market. More supply same demand. Lower prices.
I want one of each:
Grain company;
Food company;
Iron company;
Weapon company;
Stone company;
House company.
Nothing like being an island. It fixes the whole tax problem, doesn't it?
My lack of economic understanding made me $400 in play money both yesterday and today. I'm not the one crying foul and calling it a scam.
My profits say that I'm right and you're wrong.
why its a scam to make profit??? what you think they should just work for free ??they dont spent money for keeping this game running???
you don't need to understand how the Market works to make money in this game Dell. I'm just pointing out that admin has manufactured the deflation with the hope of generating revenue.
Your right lostROsoul, they have every right to do so, but if the game's quality goes downhill and less people play that's going to be a problem for the developers.
They should limit the number of companies to work in by 5.. then it will all come to its place.. rich will be richer but not as much as now..
@Dell fargus i'll make it really simple so that you can hopefully understand it as well
Erep v0.5:
200,000 active citizens producing stuff.
Erep v-1,0:
150,000 active citizens without a company, producing lke 150,000 peoples
50,000 company owners who own ON AVERAGE 2 companies, working for 3 companies, producng like 150,000 peoples.
total: 300,000 production.
now tell me, who produces more?
v/s