Will Economic Recession Impact the Video Game Industry?

[ShinyG]

Economic recession will have an impact on the gaming industry, as companies will try to lay off people and optimize their processes to get less games that are higher quality. As the article says, the gamer base consists of a lot of people that are in their 20s, who have experience with games and are probably sick by now of all the poopoo EA calls EA Games by now.
On the long run, I think this will actually be a benefit for the industry as a whole!

 

[jpierce55]

I think all industries will get hit, I got laid off about 2 weeks ago, and due to some errors my unemployment is not coming, I might not even get any! All I can afford is to surf the web for jobs, day dream, and read.

And for for argument some countries have it bad. I was visiting a friend in Kiev this August and the dollar was 4.68, last week it was $8.10! Ukraine might not be a big gamer country but it is all going to add up.

I have a copy of Fate somebody bought me 2yrs ago and I am playing it finally. I sure as heck can't spend $50 on a new game!

 

[Swansen]

Obama plans to give the states a pretty big stimulus, again, and this time it is proposed to be significantly larger. Although there hasnt been any figures stated, I'm guessing anywhere from $4000 to $6000.

Getting into politics is just a bad idea, but oh well, where would this 5k come from?? we don't have ANY money.

 

[Rebo&Zooty]

Getting into politics is just a bad idea, but oh well, where would this 5k come from?? we don't have ANY money.

china?

why not bush has already borrowed so much from china that we probbly wont ever pay it off.

 

[Easy Rhino]

china?

why not bush has already borrowed so much from china that we probbly wont ever pay it off.

we wont and china will stop supplying us. and its not all on bush you know. govt has been borrowing money/ printing money since we got off the gold standard.

 

[Rebo&Zooty]

yeah, but bush borrowed to pay for his war, has been since he ran out of reserves to pay for it and couldnt rob anymore for social security, corse him and his buddys(like his vice pres) are making bank off this war, so they got no reasion not to keep borrowing to pay for a war thats apparently got no real reasion(iraq war) other then making money for halliburton and the like......

 

[FordGT90Concept]

http://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2007.png

Really, the $200 billion average per year for 5 years spent on Iraq pales in comparison to other spending. When the USA commits to a war, Congress needs to make the necessary changes to balance the budget. So, instead of blaming the war which we are committed to, why not blame Congress for failing to cut spending in areas that don't need it? As you can see from the chart, Medicaid, Medicare, and Social Security are the ones that need a helluva lot of work. Defense used to be 50% of the budget...

 

[Rebo&Zooty]

ah but had we not gone into iraq(for no good/valid reasion) the war wouldnt have cost so damn much, in Afghanistan we are basically letting the assholes who are on our side(no better then the guys on the other side by most reports) do the work for us, so cost in compairson is minimal :/ neither war has solved anything, really would have been better off spending money to make it harder to do another 9/11 type attack!!!

 

[FordGT90Concept]

Weapons of Mass Destruction is a good reason--it just turned out to be incorrect. That is irrelevant to our situation today. We simply must learn from the mistake and try our best to prevent a recurrence.

Usually, the USA as a whole profits during wartime:
http://www.visualizingeconomics.com/2008/05/04/average-income-in-the-united-states-1913-2006/

A second attack on US mainland has not taken place. I call that successful.

 

[Rebo&Zooty]

i call that lucky and only a matter of time, all the scaremongering the bush administration has done has done nothing but get him re-elected and scare dumb people(terror alerts, what a joke)

just wait, it will happen again, still far to easy to get into the us with any chemical, bio or radioactive agent they want.