IDEAS home Printed from https://ideas.repec.org/a/mes/chinec/v10y1977i3p81-92.html
   My bibliography  Save this article

Lecture 11: Wage Planning

Author

Listed:
  • Wu Ching-ch'ao

Abstract

In a socialist society, wages are the monetary expression of the share of the social product obtained by each laborer according to the quantity and quality of his own labor. This is fundamentally different under the capitalist system where wages are the price of labor. Under the capitalist system, wages reflect the relationship between the exploiter and the exploited. Because of increasing capitalist exploitation, the worker's real wages decline continuously. Under the socialist system, wages reflect the relationship between the whole society as represented by the socialist state and individual laborers who work for themselves and their society. The wages of the workers and staff increase continuously with the uninterrupted growth of production and labor productivity.

Suggested Citation

  • Wu Ching-ch'ao, 1977. "Lecture 11: Wage Planning," Chinese Economy, Taylor & Francis Journals, vol. 10(3), pages 81-92, April.
    • Handle: RePEc:mes:chinec:v:10:y:1977:i:3:p:81-92
    as

    Download full text from publisher

    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=971W8734024H4417
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:10:y:1977:i:3:p:81-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MCES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.