Labour vouchers: Difference between revisions
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Revision as of 22:35, 7 August 2022
Labour vouchers, labour tokens, or labour credits are a mechanism for workers to translate their social labour into personal consumption under early socialism. Similarly to money, labour vouchers are given to workers in exchange for hours worked, and can then be spent in stores on whatever goods these workers desire. The vital difference is that they do not circulate, and therefore cannot contribute to capital accumulation.