Wage Inflation

Day 1,246, 04:01 • Published in United Kingdom United Kingdom • by CBall

Since my return last month, I have been monitoring wages in available jobs closely. Especially those in level 1 jobs available for all players, regardless of experience. In that short space of time there has been an increase from an estimated wage of 15 up to 21.8 as it is now, with most jobs being in the raw material sector. Competition between companies jostling for employees has seen a massive explosion in wages in the UK bringing level 1 jobs up to the same wages roughly as level 3. Now in terms of experience there isn’t much difference between the levels, however in the past, wages have reflected experience and productivity. Now they reflect the sheer number of companies in the UK.

With newer players not always carrying on past the first few days, some companies are having to constantly recruit new employees. Players will accept the highest offer no matter what; managers are going in with the approach of one-upping any competition which sees wages creeping up.

Running a company has become easier within the game with the latest versions and this has been shown by companies flooding the market. As wages continue to creep up how many will start to fold under the financial strain? Answer: Probably none. Being able to supplement wages with your own earnings (from working elsewhere) has made running a company very easy and wages will continue to climb. In the past, such an increase was usually followed by the collapse of some companies not able to cope from the increased costs and competition. However I can’t see this being the case this time round.

All these factors indicate that wage increases will not slow down and only time will tell just how inflated these wages will eventually become. It’s definitely an employee’s market.

CBall