Labor vouchers: Difference between revisions

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'''Labor vouchers''' are devices which serve as compensation to workers based on the amount of time they spend working. They are intended to replace [[money]] and end labor [[exploitation]], as people are paid proportionately to the hours they work. Each worker will get one labor voucher per unit of time, and this will the be baseline for exceptional cases, such as paying workers for particularly difficult or undesirable jobs. Just as people are compensated according to the amount of time they work, prices will also be derived from the cumulative amount of labor time that goes into each product.
#REDIRECT [[Labour vouchers]]
 
Labor vouchers are not money, as they cannot be circulated; they cannot be invested nor transferred, and are consumed upon a transaction. Because they cannot be circulated, labor vouchers cannot be used to employ others, thus severely hindering capitalist relations from arising. In some conceptions of how a system of labor vouchers should work, the vouchers must be used within a certain amount of time in order to prevent accumulation and the establishment of a capitalist class — often the proposed expiration for labor vouchers is about one month after they are issued.
 
The concept of labor vouchers was first proposed by Robert Owen in 1820, and later adopted by [[Marx]] in 1875, as a way to manage the shortages leftover from [[capitalism]] upon the installation of [[socialism]].
 
In a modern society, labor vouchers can be awarded and spent electronically, which eliminates the need to carry physical bills, which is especially advantageous for expensive purchases that require many of such. Besides this, electronic labor vouchers streamline the processes of transactions.
 
==Opposition==
Some argue that in modern industrialized countries, there exists the level of technology and infrastructure, including other facilities, in order to more than satisfy the needs and even many wants of the population, thus in socialism labor vouchers would be redundant, as they are meant for regulating the distribution of scarce resources. Furthermore, like money but to a lesser degree, labor vouchers maintain the notion of human worth being determined by how many goods people can buy or produce. On top of this, labor vouchers require administration, which requires people to spend time ensuring this system works.
 
[[Category:Economics]]
[[Category:Socialism]]

Latest revision as of 15:25, 11 March 2023

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