Aurora Economy stuff + NT Payscales

[Conservatron]

we have 400 years of inflation man

the assumed conversion rate that i've read is 1 USD = 3 credits (very small inflation for 400 years, as cumulative inflation 1913->2013 was much greater than that over 1/4 the time), so cut that 56000 down to 18600. Now assistants make just over minimum wage compared to the USA, which considering all sorts of hazard pay you'd have to get to work in space seems pretty low tbh

[Gollee]

Current inflation targets are 2% per year. So everyone knows.

[Conservatron]

right

so over 100 years, the buying power of 1 dollar USD equals roughly 250 USD

and we have 4 times that timespan

that being said, we only need a normalized economy, we don't know resource levels of how much scarcity there is in the aurora universe, and its really not a very big aspect, we just need to have an internally consistent economy

[Gollee]

Uh... You mucked that up somewhere, it would be about 7.2 USD in 2116.

1.02^442 to get to 2458 would put it at 63 2458Dollars to the current USD. 6,328% increase in number.

[Conservatron]

Uh... You mucked that up somewhere, it would be about 7.2 USD in 2116.

1.02^442 to get to 2458 would put it at 63 2458Dollars to the current USD. 6,328% increase in number.

i didnt run the math i just grabbed historical data from 1913 to 2013

but if you are talking about the 3:1 ratio i think it was jackboot who said that

[Nikov]

Why would anyone be plotting in projected 2440 dollars. The only thing that makes sense is to use a currency's buying power we're all familiar with today, and then convert those figures into credits. To my understanding that is what the current figures are. Credits being worth three dollars also does not mean credits are three times inflated over the dollar, but that three credits buys you one 2016 dollar, ie, credits are 33 cents 2016 USD. Five-credit coffee is $1.66, which is reasonable given mark-up to send coffee to a space station. This also means that a 56,000 dollar assistant salary will get you the purchasing power needed for a $333,000 dollar house. I grew up in a $300,000 dollar house, there was an in-ground concrete swimming pool with solar heating, nine acres of woodland, two car garage, finished basement, three thousand square feet, and a basketball court. And, simply put, the backwater corner of space we're in would deflate salaries. Furthermore inflation applies to all brackets, so justifying assistant pay through inflation simultaneously ruins officer pay. The Captain's current pay rate is 250,000, which is correct for the job in current markets. The assistant, however, earns an upper middle-class living.

[Conservatron]

you are the one who brought up 2016 dollars and its equilivant.

an assistant makes 18k in 2016 dollars, minimum wage is 15k

again, its not 56000 dollars, its 56000 credits

a credit is 33 cents

[SierraKomodo]

Why would anyone be plotting in projected 2440 dollars. The only thing that makes sense is to use a currency's buying power we're all familiar with today, and then convert those figures into credits. To my understanding that is what the current figures are. Credits being worth three dollars also does not mean credits are three times inflated over the dollar, but that three credits buys you one 2016 dollar, ie, credits are 33 cents 2016 USD. Five-credit coffee is $1.66, which is reasonable given mark-up to send coffee to a space station. This also means that a 56,000 dollar assistant salary will get you the purchasing power needed for a $333,000 dollar house. I grew up in a $300,000 dollar house, there was an in-ground concrete swimming pool with solar heating, nine acres of woodland, two car garage, finished basement, three thousand square feet, and a basketball court. And, simply put, the backwater corner of space we're in would deflate salaries. Furthermore inflation applies to all brackets, so justifying assistant pay through inflation simultaneously ruins officer pay. The Captain's current pay rate is 250,000, which is correct for the job in current markets. The assistant, however, earns an upper middle-class living.

 

The assistant's salary is pulled from the US military paygrade scales for E-1, albeit from the '10 years of enlistment' row, as the higher ranks do not have salaries listed for below 10 years. This is supposed to be a more generalized/average salary list; I can go back over it at some point and refine the numbers to better fit a 17 year old newly hired assistant vs a tier 3 employee.

Also, as someone who currently lives on a $1,500/mo salary, after taxxes rent and bills it's really NOT that much money to have, just enough for a living and to have some left over.

[SierraKomodo]

Just a bump to remind people this thread exists since it was asked about in OOC

[Zundy]

Need dis on wiki pls.

[Guest]

This isn't canon @Zundy.

[Guest Marlon Phoenix]

Why would anyone be plotting in projected 2440 dollars. The only thing that makes sense is to use a currency's buying power we're all familiar with today, and then convert those figures into credits. To my understanding that is what the current figures are. Credits being worth three dollars also does not mean credits are three times inflated over the dollar, but that three credits buys you one 2016 dollar, ie, credits are 33 cents 2016 USD. Five-credit coffee is $1.66, which is reasonable given mark-up to send coffee to a space station. This also means that a 56,000 dollar assistant salary will get you the purchasing power needed for a $333,000 dollar house. I grew up in a $300,000 dollar house, there was an in-ground concrete swimming pool with solar heating, nine acres of woodland, two car garage, finished basement, three thousand square feet, and a basketball court. And, simply put, the backwater corner of space we're in would deflate salaries. Furthermore inflation applies to all brackets, so justifying assistant pay through inflation simultaneously ruins officer pay. The Captain's current pay rate is 250,000, which is correct for the job in current markets. The assistant, however, earns an upper middle-class living.

 

You worded it so nicely. In fact, I'm going to take what you said, rephrase it, and put it on the Aurora wiki page for the economy, replacing the "THE DOLLAR NO LONGER EXISTS PLS STOP COMPLAINING ABOTU COFFEE PRICES" sentence

https://aurorastation.org/wiki/index.php?title=Economy

I hope you don't mind.

In terms of payscales I'm of the mind that we need to focus on what makes sense and works from a gameplay perspective, and only then add the lore reasoning to it.

[Zundy]

This isn't canon @Zundy.

 

Aww shucks. Didn't realise this was just some economic slashfic.

Please make canon pay stuffs kekkers. Pls.

[SierraKomodo]

This isn't canon @Zundy.

 

Aww shucks. Didn't realise this was just some economic slashfic.

Please make canon pay stuffs kekkers. Pls.

 

My understanding when I posted this was JB approved and it could be considered canon, considering I worked with him to get these numbers, although that was a long time ago now

[Guest]

I'll run this by JB later today and we'll see what shit can be shot and if this is deserving of its own wiki page.

Might help to know who earns how much for what work, etc. We'll see, anyway. Liable to split some of the more departmental positions into grades dependent on employment veterancy.

And before anyone asks: I'll discuss with JB later how to handle the inevitable people bragging about their salary in IC as if that's a wise thing to broadcast publicly. Don't worry, I've got ideas but I'll run 'em by the boss proper before doing anything humorously brash.

[Zundy]

I'll run this by JB later today and we'll see what shit can be shot and if this is deserving of its own wiki page.

Might help to know who earns how much for what work, etc. We'll see, anyway. Liable to split some of the more departmental positions into grades dependent on employment veterancy.

And before anyone asks: I'll discuss with JB later how to handle the inevitable people bragging about their salary in IC as if that's a wise thing to broadcast publicly. Don't worry, I've got ideas but I'll run 'em by the boss proper before doing anything humorously brash.

 

Most if not all work places discipline staff for shouting their cretinous mouths of about their pay publicly. It's usually contractual that they keep their mouths shut.

Pls make it punishable delts. Pls.

[Nikov]

I am expecting schmeckles for my quotation, no less than 25.