This book provides an analysis of changes in the level and
structure of wages in China from the 1920s to 1972. In the first
part of the study Dr Howe uses this analysis as a starting point to
evaluate the degree to which wage policy objectives have been
achieved, particularly since 1949. The author explains both
fluctuations in policy and discrepancies between plans and reality
and examines the mechanisms of wage determination. In so doing, he
makes it clear that even in a highly planned society there are some
limits to what is possible in the regulation of wages and incomes.
He goes on to argue that the wage system can only be understood
within a common analysis of the whole framework of incentives and
controls affecting the workforce. This approach sheds new light,
not only on the development of the wage system but on economic
aspects of the Cultural Revolution and its aftermath.
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