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Home› Part II – Political economy propositions› Chapter 12 - Money›Proposition 12.4
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12.4 The complete wage exchange and the assumed distribution of total labor income are two strong points.

The reforms that consist in eliminating the fiction of employers' contributions, with all that this implies in terms of institutional consequences, establish full wage exchange.

The official recognition of the fact that it is the responsibility of collective subjectivity to regulate the distribution of total labor income by maintaining and changing wage equality and inequality implies that the purchasing power104 of the lower wages of labor can and must be maintained higher or equal to that of the highest.

Un pays qui procède à ces réformes et qui accède à cette reconnaissance dote son économie de deux points forts.

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