URISUS Index: Day 445

Day 445, 20:13 • Published in USA USA • by Ananias

By following:

http://spreadsheets.google.com/pub?key=pG8NruebY8LSCJw-EUjyWJQ&gid=1

You may review the details of the results summarized below. Please make sure to click on the “Day 445” tab. Please take the time to read the entire article to see my comments on the market statistics and a short editorial on a nee feature suggested in the comments of the previous article regarding daily wages comparisons.

Q1 – Food – 1.55 (Sweden -33.60%, US +17.31😵
Q2 – Food -3.22 (Sweden -33.34%, Indonesia +51.51😵
Q3 – Food – 5.67 (Sweden -38.01%, Indonesia +23.29😵
Q4 – Food – 9.79 (Sweden -22.99%, Indonesia +24.19😵
Q5 – Food – 23.64 (Sweden -47.02%, Indonesia +114.20😵

Q1 – Gift – 3.06 (US -19.04%, UK +18.41😵
Q2 – Gift – 5.99 (Indonesia -24.65%, UK +27.74😵
Q3 – Gift – 14.29 (Sweden -37.45%, UK +33.19😵
Q4 – Gift – 15.00 (Indonesia -30.60%, Spain +28.32😵
Q5 – Gift – 14.14 (Indonesia Only)

Q1 – Weapon – 7.16 (Romania -18.27%, Sweden +20.36😵
Q2 – Weapon – 16.35 (US -31.08%, UK +36.46😵
Q3 – Weapon – 33.10 (Spain - 19.67%, UK +40.33😵
Q4 – Weapon – 47.54 (Indonesia -20.29%, Romania +28.29😵
Q5 – Weapon – 87.55 (Sweden -18.76%, Spain +25.30😵

Q1 - Moving Tickets – 14.81 (UK -17.94%, Sweden +20.85😵
Q2 - Moving Tickets – 44.43 (US -55.10%, Spain +56.58😵
Q3 - Moving Tickets – 63.74 (Indonesia -38.50%, Spain +38.50😵
Q4 - Moving Tickets – No Data
Q5 - Moving Tickets – No Data

Q1 – Grain – 0.85 (UK -12.79%, Sweden +11.94😵
Q2 – Grain – 1.59 (UK -9.86%, Indonesia +29.58😵
Q3 – Grain – 2.24 (Spain -9.47%, Indonesia +13.07😵
Q4 – Grain – 3.13 (UK – 10.69%, Romania +13.67😵
Q5 – Grain – No Data

Q1 – Diamonds – 1.11 (Sweden -29.93%, US +39.91😵
Q2 – Diamonds – 2.07 (Indonesia -20.54%, Romania +31.22😵
Q3 – Diamonds – 2.73 (Romania -8.67%, UK +20.05😵
Q4 – Diamonds – 3.43 (US Only)
Q5 – Diamonds – 4.25 (Sweden Only)

Q1 – Iron – 1.19 (US -36.42%, Indonesia +73.11😵
Q2 – Iron – 1.80 (Spain -32.84%, Indonesia +65.82😵
Q3 – Iron – 2.49 (Spain -28.90%, Indonesia +50.40😵
Q4 – Iron – 3.08 (Sweden -20.47%, Romania +15.20😵
Q5 – Iron – 3.60 (US Only)

Q1 – Oil – 1.30 (US -39.01%, Spain +92.56😵
Q2 – Oil – 1.60 (US -26.37%, Indonesia +37.09😵
Q3 – Oil – 2.75 (Sweden -31.44%, Romania +86.71😵
Q4 – Oil – 4.10 (Spain Only)
Q5 – Oil – No Data

Q1 – Wood – 1.32 (US -35.62%, Indonesia +31.73😵
Q2 – Wood – 2.60 (US -39.08%, Indonesia +48.19😵
Q3 – Wood – 3.68 (US -38.37%, UK +58.49😵
Q4 – Wood – 4.95 (Romania -9.12%, Spain +9.12😵
Q5 – Wood – No Data

Q1 – House – 339.00 (Spain -32.22%, UK +46.57😵
Q2 – House – 675.03 (Sweden -22.79%, Romania +45.69😵
Q3 – House – 1011.73 (Sweden -11.64%, Romania +17.08😵
Q4 – House – 1556.03 (US -4.12%, Romania +6.59😵
Q5 – House – 3322.83 (Romania -26.96%, UK +49.53😵

Some points of interest:

At the time of my review the USD had moved substantially in strength against GOLD from .014USD/Gold on day 444 to .016USD/Gold.

On day 443 Romania had increased its import tax from 10% to 99% on Oil, since that date prices have increase for Q1, Q2 and Q3 oil by approximately 29.72%, 1.85%, and 5.56% respectively. I am waiting for a larger sample to draw any conclusions regarding the overall impact of the change.

Did you know? While all the other five nations maintain the floor rate for minimum wage, Spain offers a minimum wage of 3.66ESP; which is particularly staggering when compared a percentage of its average daily wage of 9.62ESP: a whopping 38.05%. However, the United Kingdom, with an average wage of 3.85GB and a minimum wage of 1.00GBP come closest with 25.97% (which attribute to the influx of new eRepublik citizens, or at least I hope so )

On my Day 444 report, Jythier Smith made a great point that demands follow-up:

“This analysis is missing a piece, though. You're giving us prices of goods without any adjustment for wages. If people in Sweden are getting paid 50 cents a day then their consumer goods are going to cost less, regardless of the taxation policy, because the cost of making the good is less, and the consumers can't afford to pay more, changing both the supply and the demand curve to lean towards lower prices.”

While I simply do not have the time to evaluate the average wage for every industry included in URISUS, (I will leave that to some other indomitable numbers geek), I will be tracking minimum wage and average wage for comparison purposes. I will also be comparing the average wage against the cost of 1Q2 food to determine the minimum percentage of daily wages that would need to be spent to maintain “status quo” wellness by a worker, offsetting the loss of 1 wellness for working at a Q1 company and the loss of one wellness for training daily.

Key: Nation / Average Wage / Minimum percentage spent of food.

US / 10.41 / 28.87%

Romania / 12.26 / 21.93%

Indonesia / 7.56 / 36.93%

Spain / 9.62 / 17.80%

United Kingdom / 3.85 / 40.53%

Sweden / 7.45 / 23.09%

Hopefully, that will provide a clearer picture of in the future Jythier.

So that is it for today’s report. My thanks to those of you that voted or subscribed to yesterday’s report, I appreciate it.

If this is helpful information for you, show the article and my newspaper some love. Thanks!

Ananias – Congressman for Oregon