Forms of Wages: A Realistic Basis for Exploitation

Yanan Wang ()
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Yanan Wang: Xiamen University

Chapter Chapter 23 in The Basic Theory of Chinese Economy, 2026, pp 149-155 from Springer

Abstract: Abstract In China, foreign-operated industries could obtain excess profits; interest-bearing and commercial capital could yield high returns; and land rent could be extraordinarily high. To explain these outcomes, it is essential to examine the concrete forms of labor and wages that provided their social basis. This section therefore begins with wage-labor conditions in comparatively new industries and then compares them with older workshop and rural labor systems, highlighting how diverse wage forms supplied a practical foundation for exploitation.

Date: 2026
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DOI: 10.1007/978-981-95-6330-2_23

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