With the rapid economic progress, in recent years, our country appears a larger income distribution gap. The main factor is the low labor income. The large income distribution gap leads to a chronic illness of macroeconomic imbalances in China, that is, the inadequate total consumer demand. The large income distribution gap and the inadequate total consumer demand are twins, which core mechanism is the market pricing of the salary under classical system of property rights. To narrow the income gap and achieve common prosperity, we must change our mode of economic development, and implement a series of reform of "the face of market".
|Translated title of the contribution||The Main Factors of Income Distribution Gap Too Great and Consumption Demand|
|Original language||Chinese (Simplified)|
|Number of pages||10|
|Publication status||Published - 2011|
- income gap
- the mode of economic development
- common prosperity