Wage Priority Legislative Thinking In New Situation

The legislative intent of wage priority is to protect the vulnerable groups of society, ordinary workers to pay benefits may be given priority protection, which is essential in the practice of national legislation and recognition, but different countries have adopted different enactment of legislation. French legislation included in the priority mode where wage priority belongs to a security interest. In the types of wages,subject of rights of priority, scope and the effectiveness of priorities have clearly established; German legislative model and Anglo-Saxon countries in general and special law procedural law provides for the prohibition of seizure of a system such as Germany, but two kinds of legislative models tend to protect the secured creditor's interests. The article gives an analysis of the different point of view from the economics, jurisprudence to public policy. And wage priority system should be established under the new situation to adapt to China's national conditions. The basic economic system in China is based on public ownership which plays the dominant role and diverse forms of ownership develop together. Our market economy is still in the preliminary stage of development, public and private nature of the business, professional jobs and other specific factors are the micro-factors which must be considered. And the priority of the legislative position on wages and institutional arrangements are legislative requirements on the part of the macro.