Monday, March 09, 2009
Economy hits Second Life

 

We know the economy is not doing so well in the real world, but what about virtual worlds? More specifically, Second Life, which has its own economy and system of money. iReporters in Second Life have been sharing stories of how the real world economy is having an effect on the economy there and the outlook is mixed. Second Life avatar Janey Bracken said, “I am quite amazed that lots of businesses in Second Life still push for higher prices when so many people in the real world are losing their jobs. … As Second Life expands with so many new people coming in lately, you wonder if less people will actually be bringing money into the virtual world, as it's going to be way down on the list of real-life expenditure as the credit crunch tightens.” iReporter Wil Perian interviewed other Second Life residents on the changes they were seeing. “As the RL economy is a bit more unstable, SL will be a bit more stable," said Czari Zenovka, a business owner in Second Life. "One dollar goes a lot farther in Second Life than real life." Jojogirl Bailey, another avatar business owner, told Perian, “I really think it is affecting folks who were spending large amounts of real money to fund their Second Life stuff.” According to Linden Labs, the owners of Second Life, the number of total unique users with “positive monthly Linden flow” has actually increased in the past six months (though it did drop from September to November). iReporter Martyn Vantelli spoke with avatar Kirsty25 Brune who is trying to start up a Second Life employment agency. She tells Vantelli, “I have met a lot of people that want this to work that already have businesses and need employees.” However, she has found that setting up her new business is not so easy. Despite these challenges, most of the iReporters and interviewees in Second Life are hopeful for the future. As Perian says, “The economy continues to go down and rarely do we hear some positive news. Perhaps it is Second Life that is giving us that bit of hope.” Are you in Second Life? Tell us the economic effects you're seeing and share your story . (Cross-posted at CNN's SciTechBlog .)

19 Comments
March 9, 2009
Click to view Millis's profile

Yes, even the economy in my own situation has for the most part stopped me in my tracks for doing the things in Second Life that I enjoy doing which is Dancing and Hostessing. My income has dropped nearly 90 percent since last fall, and thus required me to cut my spending to near nothing and saving what I can for the future. Hopefully as in the real world recovers from the recession so shall the recovery in SL be likewise.

March 9, 2009
Click to view freecourses's profile

Just to inform that the ASQ Philadelphia is offering free courses for professionals who lost their jobs in the greater Philadelphia area.

25 Mar 09 there is a free seminar for job search in Plymouth Meeting Mall.

http://www.asqphilly.org/

March 9, 2009
Click to view dgangelfaye's profile

I am upset because I have lost so much money in the stock market.  I got sick so I was forced to retire.  My income is very limited now. I had to use some of my retirement money to pay some of my bills and rolled the rest, which was very little... into stock.  Right after I invested, stock began to drop and I have lost most of my money. My financial adviser keep telling me to stay in there and it will come back.  I want have any by the time it come back.  That is my life saving which is nothing now. I have high medical bills that will take me the rest of my life to pay. Will things ever get better?

March 10, 2009
Click to view KCRep's profile

Hang in there dgangelfaye.  Things will get better.  I'm in the same boat as are most of us that have IRA's that we can't touch or do anything about.  Just forget about it, consider it gone, it isn't and won't be, but just think that way.  Money is not worth stressing out over when there's nothing you can do about it.

March 10, 2009

Second Life, I have no idea what this is.  But it sounds like some dungeon masters from the old D&D day's grew out of fighting Orcs and are still looking for ways to avoid reality and meeting chicks.

 

KCRep,

 

You can't touch your IRA because Obama is a Tool.  If he did what he said he was going to do in his State of the Union Speech, he would free up Taxes and Fees from getting at your IRA money.

March 10, 2009
Click to view joe1996's profile
Until the economic cycle we are in plays out, and real spending habits are assessed and budgeted for, no one can determine what the future brings. California Home Loans
March 12, 2009
Click to view TwoBepi's profile

We are the victoms of the past policies and

practices of the past political party that believes greed,is a form of captialistic America

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Click to view gigicanavan's profile

I work at Loretto Hospital in Chicago and we are looking for a registration clerk and cannot find applicants. Jobs are out their. We also have volunteer positions. And I would love to hire the over 50 worker; THEY HAVE NO DRAMA!!! The hospital is a great place to work I love it there. Please spread the word. My department needs alot of help in organizing files and helping customers.

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