ELI5: Explain Like I'm 5

Labour-time voucher

Imagine you have a special token that you get when you work for someone. This token is called a labour-time voucher. When you have this voucher, it means you got paid for the time you worked.

Let's say you worked for one hour, and your boss gave you a labour-time voucher. You can use that voucher to buy something you want or need from someone else who accepts these vouchers. It's like a ticket you can exchange for something valuable.

The best part is that the amount of the voucher is equal to the amount of time you worked. So, if you worked for two hours, you get two labour-time vouchers, and you can use those vouchers to buy something that costs two hours' worth of work.

Some people like using these vouchers because they feel like it's a fair way to trade their work for goods or services. It's like everyone is on the same playing field because they're all getting paid for their time.

So, in short, a labour-time voucher is a special token that you get when you work, and you can use it to buy something you need or want from someone else who accepts them. It's like a ticket that you can exchange for something valuable, and the amount of the voucher is equal to the amount of time you worked.