Living Standards

Day 2,200, 12:51 Published in Czech Republic United Kingdom by Rathena Gelc

In this article, we are analyzing wages, prices, wages and living standards in eCzechia and around the eWorld. I decided to compare them to see how good are living standards in eCzechia and what can be done about it.

First category is food.
I compared Q7 food. 10 random countries + eCzechia. All prices in CZK.

1. Slovakia 4,35
2. Denmark 3,95
3. Czech R. 3,00
4. Estonia 2,16
5. Australia 2,15
6. Uruguay 2,00
7. Ireland 1,99
8. Slovenia 1,70
9. Brazil 1,69
10. Croatia 1,60
11. Romania 1,47

We can see from here that Romania has the lowest food prices. It is mainly because of their VAT and a competitive economy. Their VAT is significantly lower than ours, but competitivness is the key. When a country has many companies producing and then selling their product, those companies want for it to be sold. If there are many companies, all of them will want their product to be sold. They will, naturally, offer better prices and affordable services to the customer who will, at the end, choose whose product they will buy. Big competitiveness results in better and happier customers who can get products by a lower price, and thus able to afford a second product that will make their life better.

Erepublik follows the same economic model. The more companies a nation has, more people are employed and more products are made, resulting in a competitive economy. Government should be giving subsidies to new employers. We simply must help our citizens, especially newbies, in raising living standards. I know that newbies are struggling in buying food and weapons because prices are big and wages aren't very affordable either. Our Government must be encouraging domestic spending, as I heard some of our citizens spend their money in Poland. Of course they do becuase, for example, food prices in Poland are 50% cheaper than here. We should encourage domestic spending and make living standards better by raising the minimum wage and lowering some taxes, to help employers sell their pruducts efficiently and raise wages for their workers.


Weapon prices are next (Q7).
Results of the survey happily surprised me. Same formula, 10 random countries + eCzechia. Prices in CZK.

1. Germany 13,85
2. Belgium 12,90
3. Norway 12,69
4. Colombia 12,45
5. The Netherlands 12,42
6. Venezuela 12,15
7. Pakistan 11,62
8. Belarus 11,38
9. Brazil 11,28
10. Russia 11,14
11. Czech R. 10,25

As we can see from here, eCzechia has the smallest weapon prices! This is excellent news, becuase it encourages citizens to spend in eCzechia, not Poland or other neighbours. But tough challenges still remain. Newbies and others who are not financially very stabile are struggling with these prices as well because of the result of low wages.

Weapon prices are at a satisfying rate, and I am personally pleased with it. I once again appeal to the employers to help citizens by expanding their financial purchasing power which will only benefit to eCzechia. I ask them this, not for them to go and raise their workers' wages by 50%, but to raise them gradually, when they are capable of doing it.

I am sure we could set up a economic team which would examine possibilities of giving credits to new employers and thus helping them in their first steps in the market. If it isn't possible, then we could at least give them some sort of a financial support while they weave in the big waves of financial marketing. Credits, of course, wouldn't be given to everyone, but to people who have good ideas that can be done. Thoughts however, remain, as someone could present their idea and then just vanish witout returning the money.

Either way, to conclude, a strong economy means competitive markets and financially stabile people with regular collection of taxes. I am sure we can manage to achieve that one day.



And that's how this got written. 😃
xoxo