Microstock Photography Forum - General > Off Topic

Global Economic Slowdown Ahead

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Uncle Pete:
I put this in off topic but I think some people here might have opinions on how or incomes are connected to the global economy.

Basic observation, if the world economy drops, the need for our work will also drop. Production and gains have slowed in some major countries. Metal prices have fallen. I don't want to swing over to the doom side, but I just wanted to point out, the people who download and license our images, depend on the rest of the economy to drive their business.

Opinion: A slowdown for the global economy would mean a slowdown for our earnings.

Anyone have a different view or anything additional?

obj owl:
They say history repeats itself, but with regard to microstock I'm not sure that is the case.  The last downturn in the world economy in 2008 was a time of growth for microstock in the ever expanding world of the internet. It may also have benefited from the downturn in that there was a move away from more expensive licensing operations with increasing quality in microstock.  I cannot see that in another downturn that microstock would gain any of the benefit that may have done last time.

Brasilnut:
Isn't that one of the justifications that the Alamy boss mentioned for dropping our income 20% (brexit, slowdown...). So, in effect, we're already feeling the downturn.

Pauws99:

--- Quote from: Brasilnut on January 16, 2019, 09:58 ---Isn't that one of the justifications that the Alamy boss mentioned for dropping our income 20% (brexit, slowdown...). So, in effect, we're already feeling the downturn.

--- End quote ---
It was a justification....not the reason though

tätarätä:
If there a recession is coming some people will lose their jobs. So they have more time to produce stock images. The number of uploads could increase. If this happens some Russian stock producers will think 5000 images a month won't be enough and will produce 6000 images a month.
This could lead to a declining RPI. Stock producers are smart people - so declining RPI needs more images and increase their production.
The next recession will be a great time. We will see the most productive stock producers ever, breaking every month a new stock production record.
 

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