Abstract
Comrade Hu Yaobang pointed out in his report to the Twelfth National Congress of the party that we must methodically reform the labor system, the wage system, and the price system in order to ensure the healthy development of our national economy. Furthermore, at the First Plenum of the Twelfth Central Committee, he put it even more specifically that starting with 1984, the center, the provinces, the municipalities, and the prefectures all must allocate a major portion of their energies to the study and gradual implementation of the overall reform in such areas as the educational system and the labor, wage, and price systems. Today the party center has placed the reform of the wage system on its agenda. The completion of this reform is bound to serve as a great impetus in the development of socialist modernization in our country.
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