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We have a very serious situation at hand in our economy. Generally the eWorld has gone into recession and massive overproduction since the huge military campaigns between Romania and Indonesia and between Romania and Hungary are over. This means that prices are falling all over the place. (You can check current world prices and world stocks and also historic data and thus trends over the last two months on these at Ereptools.) The graphs speak for themselves. However Malaysian companies have failed to keep up with this trend and the pressure on them has been quite low to decrease prices as in most sectors the country can sustain only one company of a given type. This limits competition and encourages monopolistic behaviour. The result is that we are becoming a quite expensive country and there's nothing that would justify this. Also this has little to do with the switch in the exchange rate as this trend was here even before and most (though not all) companies have adapted to that change quickly. But their prices are usually still too high.

We need good cooperation on the company owners' part to solve the situation otherwise we might have to resort to setting import taxes at an even lower level and encouraging foreign companies to buy licences to Malaysia to create the necessary competition if self-restriction doesn't work. We again have a problem on the job market as well because of inflated salary offers of a company which will lead to our companies producing very expensively and not being able to sell to foreigners which will in turn make our already present overproduction problem even more severe. Also for salaries to fix themselves better at lower skill levels we should probably decrease the minimum wage to 2 MYR which is still more than the price of q1 food.

As this is an extremely important issue I created a topic for it in the Economy section on the forum so that everyone can debate about it freely. Please do participate! This especially goes out to company owners. The topic can be foun😛 HERE.
I've presented my list of proposed maximum recommended selling prices there with arguments. Here I'll just show you the numbers - for explanations, arguments please check out the forum!

Recommended maximum selling prices:

Foo😛
Q1 - 1.8 MYR
Q2 - 4.5 MYR
Q3 - 8 MYR
Q4 - 14 MYR

Gifts:
Q1 - 5 MYR

Moving tickets:
Q1 - 25 MYR

Weapons:
Q1 - 15 MYR

Houses:
Q1 - 380 MYR
Q2 - 900 MYR

All these proposed prices are still very generous with several big countries having way lower prices for these products on their markets in all examples (except for q1 houses). So ideally I'd like to see even lower prices and these should serve as upper limits we shouldn't cross.

I also opened a topic on the forum for discussion about decreasing the minimum wage to 2 MYR in the Congress and Government section. The reasons are the deflation of the MYR and the general decrease of product prices. The topic can be foun😛 HERE.
Congress and government members and citizens of advisory please debate and cast your vote!

Best regards,
Nagyzee

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PS:
Official Malaysian chatroom is #erepublik.my at rizon.net
Official Malaysian forum is at: http://erepublik.forumotion.net/index.htm
Please join us there, too!🙂

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