DBC Report: Income (Pt 1/2)

Day 1,103, 07:29 Published in Greece Greece by Dodona

Good evening,

Today we have DBC World old school for you. Yeah, I know you like that! (not!)
Every now and then (that is every 2nd even month or so : p) we prepare a special report on a topic that has to do with the economy. This time we look at income, aiming to evaluate the real income across countries. Usually people use Gold exchange rates to calculate it, but we are going to see another method as well.

Before getting there, however, I want to talk about something different, even though related. [the actual report will be published tomorrow]. And I hope some new players will read this as well. The money we make are not enough. Never, ever! Why? Because business owners drink our blood, the government taxes workers a lot and admins mess economies up all the time. Right? Hmm... I will not examine the latter (which is true😛) nor the tax policies. I will only say a few things about companies and their prices, as well as wages that they offer.

Erep economy is based on the open market system and it has several markets: Final Goods, Raws, MM and Job market. I don't want to get (too) technical here, but markets are designed such as to be competitive. That's a good thing. We all have access to the World's MM, instant access to our country's job market (as well as easy access to foreign job markets) and most of us can own a raw or other Q1 company. Sure, a Q5 company is not easy to own, there is imperfect (or inside) information in the markets, but in general we live in a much better and more fair world than the real one. Supply and demand dictate prices and under competition those prices are quite fair. The problem in eRep is that both supply and demand can be very volatile at times, so prices go up and down, some gain some lose, but hey, no system can be perfect.

Lately there are many complaints about the price of food. That food companies (the bad viomixanoi) profiteer on our backs. Let me ask you something: if those companies are so profitable, why not more companies enter this market? So they can make big profits as well? Now if that happens, food prices will go down, wages are also likely to increase and the market will correct itself. Supply-Demand everywhere. Careful, I'm not saying that they are not making excess profits (I don't know that to be frank), I'm only saying that we have to accept it or act to correct it. They have made an investment, they want to make money. You Mr. Employee, don't you want to make as much as you can? If I tell you that I run a company which is not profitable due to drop in demand, will you come to work here at a 30% lower wage than the one in the market, in order to help me out? I don't think so.

Bottomline, that's the market and this is how it functions. We have to deal with it. Otherwise, the option is there for off-market structures, such as (para)military units, colectivas etc.

And in case any new player reached thus far, you are making what? 9.5 -10.5 grd net? 2.5 grd to recover 6 health daily. You're left with 7-8 grd per day. I know that you want to press the "fight" button a lot,but you have to realize that Rome was not built on a day : ) There were times in the past when new players could barely survive without the ministry's help, let alone save money. Just be patient.

btw this comes from someone who doesn't run any company at this point and is certainly not rich, so I have no reason to be biased one way or another.
btw2 I don't condone profiteering through cheating (e.g. multies) or at times of war at home.