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                        THE BASIS FOR THESE WAGES:
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======== A common, but flawed valuation ==============
A fairly common approach to setting value on Gorean coins is to assume a gold tarn is 1 oz and that is worth about $1600 USD.
at 10 silver to 1 gold, a silver is worth $160; at 100 copper to a silver, a copper is worth $1.60; and a bit, 1/8th of a copper is thus 20 cents
This does NOT provide a GOLD sufficient value for anyone to live on for a year!

 

THIS VALUATION IS A BETTER FIT TO THE BOOKS!

If we assume a common laborer made minimum wage or a bit above that, then a gold tarn would be at least between $15,000 to $25,000.
For simplicity's sake, we can average this to $20,000.
If we assume ten silver tarsks equal one gold tarn, then a silver tarsk is worth about $2000.
If we then assume 100 copper tarsks equal one silver, then a copper tarsk is worth about $20.
If we then assume eight tarsk bits equal a copper tarsk, then a tarsk bit is worth about $1.60. 

USING THIS,
 

The wages of a common laborer would then be about 1-2 copper tarns a day.
More skilled laborers would earn more money. For example, a sail-maker in Port Kar earns 4 copper tarns a day. 

To hire an average mercenary, a price of a silver tarsk a month would be a good wage and many would not even get that much.
( If this is a Gorean month, he would average 4 copper tarsks a day. )

 

Obviously, a person's wage is determined by several different factors. The Caste, the skills of the person, the knowledge level required for the job, the city, rarity of one's skills, wealth of one's employer and more will help determine the wage.

Most wages for Low Castes will be in copper tarsks per day. 

There will be few who receive silvers tarsks per day and VERY few that receive gold tarns per day. 

There would be a VERY small number of truely high paid people - the Bill Gates of Gor, for example, a High Caste Builder, such as a fine shipwright in Port Kar, could earn as much as 1 gold tarn a day. Based on the Earth comparisons, this shipwright would be earning over seven million dollars a year!
(Guess it's a good thing the fighting slaves are not paid for arena sports.)

Make comparisons in your wage calculations. If you pay a mercenary 1 gold tarn a month, is he really worth ten other mercenaries?
Gold tarns should generally not be the common currency of your role-play. 

 

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||        BANK OF VONDA SERVICES        ||
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1) Support for the indigent and destitute
 

16 coppers and 4 bits will be given ONE TIME to any person requesting such help.

2) Exchange of coins from other cities  to Vonda print coins.

All recognizable and non-counterfeit coins of non-enemy cities will be exchanged for like value coins of Vonda.
Unacceptable coins are returned.

AS A SPECIAL COURTESY and for a 2% FEE not less than 1 copper tarsk charged in Vonda coin:

NOTE: ONLY the Vonda Bank is presently NPC run and  have a limited supply of  foreign coins based on ones given TO the bank.
IF we haven't got them - you can't get them.
NO COMPLAINTS AND NO GUARANTEE THAT WE WILL DO THESE EXCHANGES

3) Payment of salaries and wages and contracted city services
 

Each individual entitled to payment for their services to the city, may collect wages due at a minimum interval of one week (weekly or monthly interval is determined by your Head of Caste. Note that is Gorean Week. A Hand(mun week) is a gorean month. Consider on Average a Gorean month to be four weeks).
Each individual entitled to payment an invoice for goods or services provided to to the city, may collect wages due at a minimum interval of one week.
Once paid back wages, they may not be paid until the contracted interval or time of service is completed.

All this can be taken care of on a NPC level of making deposits to the Bank.
 

4) Loans to individuals and companies
 

Only A coin Lender may approve and pay out loans.(Currently NPC through one of the City Council members)
The rate of interest charged is 2% per month.
Payments are accepted in Vonda printed and verified coin only.
You must affirm that the collateral posted for the loan is transferrable before a loan will be granted.

Failure to return payment of loans, will be considered breaking of Merchant Law, and you will be subject to judgement by the Merchant Magistrate, Lady K A Kang.

 

5) Deposits for safe keeping

 

Only The Coin Merchant (NPC)may approve and accept new accounts.
The rate of interest paid is 1% per month.
Withdrawals and Interest are paid in Vonda printed and verified coin only.
Withdrawals are permitted on funds left on deposit at least 5 hands.

For payments of large sums of coin, direct transfer or Bank Note is recommended.

 

 

 

 

 

6) Weight and measure of Coin

 

All Vonda coin is weighted and measured against the Central weights, which are at each fair measured and weighted to ensure that they match the Gorean standard. Payments made by coin not of Vonda markings are subjected to be weighted and measured