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federal minimum wage not be a set minimum but instead it should change and vary based on the economic health of the city, state, and county that the worker works in

You're right here -- we need a complex, multivariate analysis to determine fair wages across regions that accounts for average and personal economic health, transportation costs, food costs, housing costs, difficulty of the work, and even the prestige of the job and the mood of the worker.

This determination should be updated frequently, ideally in real time, so that the prevailing wages don't fall behind reality.

Even if this determination is governing the wages around you, you should always be allowed to negotiate something better for yourself.

When wages are finally determined correctly, then every worker should be able to say "this job benefits me more than any other opportunity available".

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