itt: op ends the minimum wage debate(?)  i am asking for anon's help. any way you can anticipate this logic going wrong or being abused when implemented on a global scale, i want to hear it: > no more static minimum wage laws > implement a dynamic minimum wage, calculated daily > the amount you are paid--and must pay--changes every day based on sensible values and ratios > only use data based on the pricing of all local goods and services available in a given city/county/zipcode/district > milk, eggs, car insurance, movie tickets--everything > everyone who sells anything must report daily/weekly the price of what they provide > this data is collected and crunched by arbitrary algorithms and ai to autonomously determine how much a financially responsible person must be paid to escape the poverty level each day > price increases will induce wage increases > wage increases will permit price increases > employers can no longer compensate too little > workers can no longer decadently demand too much > no more need to debate and change the minimum wage every x number of years as far as i'm concerned: no matter what your proposed solution for the economic crisis is, it is self-evident and beyond debate that the ratio of the cost of living versus the wages workers are taking home must become more favorable, and so the only question left is how we can achieve that. with or without further tweaks and stipulations, a dynamic minimum wage will do so. i wanted to work in "newton's third law of compensation: for every price change, there is an equal and opposite wage change" in there somewhere but couldn't figure out how, so there it is.
Kekistani