Online economies as buffers to volatility in the real world

G - Physics – 06 – Q

Patent

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G06Q 10/06 (2012.01)

Patent

CA 2484775

A process to reduce total cost of employment for a business while maximizing worker utility from employment and from membership in trade unions. In virtual reality: .cndot. User-controlled avatars accumulate virtual wealth that can be converted into other currencies or sold in web-based auction houses .cndot. Web-based employment companies provide successful matching services between employers and job-seekers In microeconomics: .cndot. Trust is the single greatest psychological factor that influences an individual's investment strategy .cndot. Labour is the single greatest variable cost that challenges sustained business growth With a license for this invention, deductions from salaries and from union dues are compensated with virtual money and end-user software tools; a Professional Qualifications Exchange provides mechanisms by which contributing workers trade shares of aggregate electronic wealth and marketable accomplishments; capitalism's market volatility moderates, as complementary phases of growth and recession harmonize between new, patented online processes and traditional boom-bust cycles.

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