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• TITLE: A Different Approach to Wages: Digital Primitive Economy Model

  AUTHORS: Salih Babadağlı

  KEYWORDS: Wages, Living Costs, Basic Needs, Poverty, Sustainable Economy, Combat Climate Change

  JOURNAL NAME: Open Journal of Social Sciences, Vol.12 No.5, May 31, 2024

  ABSTRACT: Wage is an issue that has been studied and debated by many schools of economic thought and economists for centuries. The debates are usually on the level of wages and its effects on the economy. However, high and low wage levels have various advantages and disadvantages on the economy at micro and macro levels. The aim of this study is to bring a different approach for the basic needs, which play a key role in determining wages, in the framework of a model we have newly developed and named as the Digital Primitive Economy Model (DPEM), thereby reducing living costs and thus providing a different theoretical solution to the wage-related problems up to now. The Digital Primitive Economy Model also aims to combat climate change and contribute to a sustainable economy that is compatible with ecological balance, to provide equal opportunities in education and to help eradicating poverty, and to create economies that have healthy functioning and are resilient to crises today and in the future.