Is there somewhere I can find the actual videos of these panels? Google only brings up other Youtubers talking about the panels. PDX Youtube and Twitch channels don't have the panel videos.
wage subsidy is historic or only game mechanic?They do sound a bit counterintuitive at first I'll admit, but they serve their purpose very well! The reasons a player could want to subsidize an industry is to a) keep production at maximum, and b) make sure Pops who produce that good aren't starving. Whichever your motivation is for doing it, this guarantees the employees of the building are paid a wage at least high enough to be competitive, ensuring they don't go looking for employment elsewhere even though their employer can't pay them enough. As a result, the building continues to run at full employment (assuming you have enough qualified Pops in the state to work all available jobs, of course.)
If we had instead put a slider on state subsidies for the output goods, effectively paying the building more for producing those goods, there would be a certain equilibrium on this slider where the net balance of the building is sufficient to not decrease Pop wage. Any setting below this could still cause the building to bleed employees which will reduce goods production, while any setting above it would just lead to profits being pocketed by the building owners. While the latter is a pretty cool effect - state intervention effectively leading to subsidized Capitalists - it's also a bit exploity and terribly micromanagey. As goods prices fluctuate the equilibrium point will change along with it, requiring constant maintenance, potentially in every state where that building can be found.
With the approach we've taken we achieve the exact same effect as always contributing enough money to the building to reach the equilibrium point, but with a single click per building - or indeed one click for all buildings of that type in your country.
wage subsidy is historic or only game mechanic?
wikipedia says it was proposed by arthur cecil pigou in 1933, i meant whether done in 19th c.Wage subsidies as a tool used by Government have a long history. It looks like their implementation in Vicky might be a little different to a "classic" wage subsidy, but it still reflects other types of support used by Government's historically (and to this day) for industry and the labour market.
wikipedia says it was proposed by arthur cecil pigou in 1933, i meant whether done in 19th c.
Thanks for the direct link. The Twitch interface is terrible for past videos, I can't find this one anywhere.Vickynomics is available in the Twitch stream archive here:
The PDF mentions trade fleet only for import and export. Does it mean that within the empire the goods will still be magically teleported from India to London even without any fleet at all?
I believe "local market" means a Great Power and its spherelings. So, chances are that British India will be part of the same local market as London.One possibility:
They have already said there is no global market - only local markets. If you want to get goods from India to London you'll have to import/export them from the relevant markets - even if you 'own' both markets.
We don't know that yet, it could very well be that there's an "Indian market" that the British has 100% access, but is a different entity from the British market itself.I believe "local market" means a Great Power and its spherelings. So, chances are that British India will be part of the same local market as London.
Is there a quote somewhere that makes you believe this? Because what I’ve seen says that there are tons of smaller markets at game start, with an undivulged amount of market consolidation occurring over time. So chances are that you’re wrong.I believe "local market" means a Great Power and its spherelings. So, chances are that British India will be part of the same local market as London.
My concern is based on my experience playing Vic 2 only, there's no any quotes that could prove the same for Vic 3. I would be happy to be wrong. By the way, could you point me to the quote that makes you believe there could be "tons of smaller markets" within a single country?Is there a quote somewhere that makes you believe this? Because what I’ve seen says that there are tons of smaller markets at game start, with an undivulged amount of market consolidation occurring over time. So chances are that you’re wrong.
Is there a quote somewhere that makes you believe this? Because what I’ve seen says that there are tons of smaller markets at game start, with an undivulged amount of market consolidation occurring over time. So chances are that you’re wrong.