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by logicchains 1509 days ago
>It wouldn't be impossible to quantify it for all but edge cases.

It would be impossible to quantify it because there's no objective measure of value. The current system allows value to be quantified by people's revealed preferences: the jobs people are willing to pay more for get paid higher. If there's no market for labor then there's no revealed preferences and it's impossible to know which jobs are creating more value for people (only what jobs are creating more value by some bureaucrats personal subjective measure of value).
1 comments
White_Wolf 1509 days ago
Value is relative term. Even so it can be quantified by using "demand" of a final service/product. That can be used to increase the value of the hour for a certain vertical.

Even the same thing can be valued differently, depending on the location, circumstances, etc.

Tbh I'm not an economics specialist to account for all variables but I can't see how it would be any different from fiat in terms of complexity.

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