ECONOMIC EXPERT NEEDED -ECONOMY AT CRISIS POINT

The Federal Republic of Platos economy is in dire straits and if there anyone interested in giving advice let me know here

My nation, the Federal Republic of Plato is an old nation of nearly 300 years and currently it has experienced an economic meltdown and it is close to catastrophe, a disaster which will see me having to leave my only nation as a possibility . The cash has reduced from around 17T to just over 4T and the total assets has came from 55T to 16T. The profit/loss index shows a -6B every month which hampers any chance of recovering. The main problems is the worker shortages which has hampered the profitability of corporations and hampered universities which as of now i have under half of the required facilities and high schools and elementarys are also under demand. On top of that Hospitals are in the same situation but, my education priority is fundamentally broken now and cant generate enough teachers university teachers doctors senior doctors or high tech engineers to rebuild any of the infrastructure or corps, if any. Which means i cant recover the educations system... and the cycle goes on. On top of this I cannot close down non profitable corporations which are at hiring 10% and production 10% because they are over 100B in market value and the game wont let me close them down. I am in a huge recess which is now bordering on disaster and i need help desperately from any nation willing to help and give me advice aswell as even the security council which could help me by giving me money to stay afoat if my cash proceeds to go under the 2T reserve limit. Please I really do need help. Regards, President Devlin..

Hi Devlin.

You are right when you identify education and health index as your immediate priorities. My recommendation for your current situation is to increase your education priorities to AT LEAST 14 for teachers, university teachers and all health workers until your indexes recover to around the 100 mark. You can then lower them slightly until these indexes get back to the 130-140 you previously had them at. Use the rest of the points available wherever you feel best.

You could ask other presidents on KB to aid you with some worker exchanges - I would but i'm not on that world. Your population is increasing, so whatever happened seems to be in the past and workers will be available for the exchange.

Whatever you do, DO NOT purchase population in the situation this country is in as that will only intensify the problems.

I wouldn't worry too much about the corporations at this stage, I see that you have lowered salary target which would be my only recommendation until the country re-stabilises.

@ arccuk
I keep my ed around 200 and set them to 8. 8 in reality is too high for teachers and profs i shift them to HLW almost continuously.

@ Devlin
At this stage corporations are incredibly important. It shouldn't take long for a corp running at 10% to fall below 100B, to close them. My immediate suggestion is to instead conquer a c3 if you have an active military and attempt to balance your employment through worker transfers. At the very least you should be able to snatch 200,000 workers of your choice, but they tend to be really light on HTS and HTEs unfortunately.

If you are in a desperation level I'd suggest you temporarily let your Health fall and shift your priorities to education and corporate employees. It is possible that government salaries could be problematic, and while your corps are losing money, massive salary drops in both the public and private sector can give you temporarily relief but it won't take long for income taxes to lower. But if your welfare isn't up to snuff because of failing of a bad education index it costs should be problematic then this revenue.

The final piece is if you have failing public corps, sell the stock if the P/E is too high (probable). Tank it temporarily and then bring it back in a burst. Sell when it's high, and the gamemaster will close it, or a CEO will move it.

@Drew
IMO Stabilising Edu and Health indexes should be the immediate priority and corporations afterward as the low welfare would likely mean corps would produce well below 100% until they are fixed - but there is more than one way to skin a cat I guess.
I agree under normal circumstances a priority of around 8 should be adequate, however I don't believe Devlin's country is in a normal situation.When I looked the priority for teachers etc they were set at a level that should have been ok and yet hospitals and schools were still being demolished.

@Devlin
Had another look at your country, well done on getting your school index up to 100 so quickly! Don't forget your university's too though!

@all
One point I am unsure of is the total education points available for distribution. I know it used to be 120 but has this changed?

There's as many available as you want. You could have them add up to 500 if you wanted. The priorities of the system work like a ratio, the higher one priority over the others determines the actual effort put into making that worker type. 120 has always been used as a matter of historical reference to make things easy. 240, 360, 480 etc would do exactly the same.

Having a schools index of 100 while your university index is much lower is no use and is wasting money. One should try to get the 3 ed indexes the same. The game uses the lower of the 3 for its overall education index, so you'ld be running excess schools for no ed index gain. I dont even think a higher school index than uni will give you more lower educated people than the lowest index would dictate.

Point 2 also applies to the transportation index.

@crafty

thanks, clears that one up for me