As it happens, I have been at work on that problem for some time. I approached the issue of income from the perspective of justice, but the resultant paradigm serves the concerns raised in this article.

For instance, as an option it allows for a parent/legal guardian to be paid an income for performing that role. The same income would be paid to all citizens of retirement age and becomes the minimum pay. (Employers would use benefits to compete for minimum-pay employees.) The amount of the income would be based on some measure of the current per capita income (median or average or whatever: personally, I would say that at present it should be $18/hr.; $720/week; $36,440/yr. in the U.S.). The money for the income would be created as needed--a kind of permanent 'quantitative easing', but with built-in protections against inflation. The same process could as easily be used to fund government (all government, from central to local) at the current per capita level of total government spending, ending the need for taxes/public debt for that purpose (as long as government stayed within its budget), increasing the ‘purchasing power’ of that income for individuals by at least a third. Demographics would govern total output, increasing sustainability. More justice could be achieved by having every person employed in any business or government paid that same income, from janitors to CEO’s to the President (with varying benefits for different positions).

if curious: "Same Economy, Way Better Outcomes for Society" (here in Medium)