Ch. 501Wage Standards and Prices
Luo Chong established grain prices as the basis for wages and the value of other goods, while setting government rules to prevent grain shortages and market manipulation. He then planned to expand metallurgy and encourage private blacksmiths, leaving the Han Tribe poised to grow its currency reserves, trade, and toolmaking.
- Luo Chong set prices for rice, wheat, corn, soybeans, and other grains, accounting for processing, storage, and the Agricultural Tax.
- He outlined how wages and prices for cloth, salt, and meat could be calculated from grain costs and workers' needs.
- Luo Chong set minimum and maximum prices for rice and ordered government purchases or sales to stabilize the market, with severe punishments for disaster profiteering.
- He planned to renovate the Metallurgy Workshop and build plants in mining districts so finished metal could be transported more cheaply.
- Luo Chong aimed to expand private Blacksmith Shops, encourage new tool designs, and reward useful inventions with titles.