The wage rewritten as what it is for: so many months of living a month, priced by the town’s own board and streamed by the second, so that when rice goes up, pay goes up.

Two billion people are paid in currencies that lose a fifth of their value in a year, and the number on the payslip does not move. Every raise is a negotiation that happens months after the price of rice did. Indexed wages exist on paper for a few, priced by a statistics office that publishes quarterly, and mean nothing to a cashier in Enugu whose rice went up on Tuesday.

A wage in months. A boss hires at so many months of living a month, never above a ceiling, with a pot of dollars. The town prices the month: five lines on a board, rice, rent, fuel, school and the rest, each the median of the last seven posts by people paid or paying there. The worker says what their month is made of, five shares, so a driver’s month has more fuel in it than a teacher’s. The meter runs by the second out of the pot at today’s price of that month, and the worker takes their pay whenever they like. When rice goes up, the meter speeds up. When the pot runs dry, everyone can see it did.

A wage of eighty dollars a month is three hundredths of a cent a second. It can only stream if a payment that small costs less to settle than it is worth, and it can only follow a board if every correction lands the moment it is posted. On Arc both are true, in the dollars the town already uses, so the meter can run all day and the worker can take what has streamed any second of it.

• Half a percent of every deposit into a pot. Already in the contract, already flowing to the deployer.
• The boards. A live cost-of-living index for every town, posted by the people who live there, readable by lenders, landlords and statistics offices for a fee.
• Payroll for many. Employers with a hundred workers pay a flat fee for a desk that funds every pot at once.

A million workers at a hundred dollars a month is a billion two hundred million dollars a year through the pots, six million in deposit fees, before a single board is read.

Wages in inflationary economies are a trillion-dollar flow with no product on it: the raise is negotiated, late, and priced against an index nobody in the market trusts. Every small employer in Lagos, Buenos Aires, Cairo and Karachi is already re-negotiating pay every few months by hand. The board makes that automatic, and the meter makes it fair to the day.

• Basket, live on Arc mainnet
• The board
• Hire someone
• Basket.sol: hire, fund, withdraw, end, settle, post, setBasket, withdrawFees. Deploy it from your wallet
• The twelve, on Subsecond

1. Live nowTwo worked towns, nine people, the board, the meter, baskets, hiring, topping up, ending, posting, and Basket.sol with every function on a screen.
2. 90 daysA payroll desk that funds a hundred pots in one transaction; a push to the boss three days before a pot runs dry; boards in local currency with the dollar rate on the same line.
3. 6 monthsBoards for fifty towns seeded with the people who post in them; the board readable as an index by any app; more lines where a town needs them.
4. 12 monthsRent and school fees paid out of the meter directly; the board accepted as a cost-of-living index by the first lender and the first council.

A developer grant of USD 60,000 over six months funds the payroll desk, the pot-running-dry push, local-currency boards, and the first thousand real wages, with milestones at a hundred employers, ten towns with live boards, and the first index read by a lender. Draft figure, to be set with the programme.

Built by one person, in the open, on a foundation that puts a new product on Arc in under an hour. Name your price, or free.

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