The nearly two-digit annual growth of the economy over the past 28 years has benefited all strata of society - to different extents. Anyone who is faithful to facts will admit that the living standard of the Chinese people has been raised by a huge margin.
However, after more than 20 years, people have begun to think if the "efficiency prioritized over fairness" approach is still justifiable. Every truth is relative in nature depending on the conditions under which it is applied. What was right in the past may not be applicable today. When developing economy and shaking off poverty as quickly as possible was the top demand of the whole nation, sacrificing fairness to ensure high economic efficiency was the only alternative for the Chinese people. But now, when the national wealth has increased to a considerably large extent (ours is now the fourth largest economy in the world with the largest foreign exchange reserve), a fairer distribution of revenue among different members of the economy should be put on our agenda, given the fact that the income distribution gaps have widened remarkably and the rich-poor disparity has worsened to an alarming extent.
The past practice of compensating laborers in the so-called redistribution (such as in the forms of poverty-relief funds and individual financial management) had little efficacy. For most laborers, wage is the only source of income. An increase in this form of primary distribution is the most substantial benefit for common laborers.
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