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Home› Part II - Political economy propositions› Chapter 12 - Money›Proposition 12.4
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12.4 Sound 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 sound 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 power183 of the lower wages of labor can and must be maintained higher or equal to that of the highest.

A country that carries out these reforms and gains this recognition endows its economy with two strong points.

Notes

  1. |Growth| The growth in the purchasing power of an income is not only about the quantity of services and goods that can be purchased. It continues to exist when it is only about the quality of the services and goods that can be purchased.
    |Decay| Wherever the decrease in quantities consumed is an increase in quality of life, long live this degrowth! ↩
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