Surplus labour economy affects technological advances. (Record no. 44239)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 00789nam a2200121Ia 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260716043306.0 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Palmer, Ransford |
| 245 ## - TITLE STATEMENT | |
| Title | Surplus labour economy affects technological advances. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 1991 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Notes that in a surplus labour economy the engine of growth is not technology, but cheap labour. This means that jobs created require little training because production uses elemental technology. Contends that as surplus labour is absorbed over time, wages will rise, inducing firms to substitute capital for labour, and that the opportunity for substitution opens the way for new technology. Therefore, the less opportunity for the way for technology, the smaller the role of technology as an engine of growth. |
| 583 ## - ACTION NOTE | |
| Time/date of action | 3/7/00 |
| Action agent | M2LMGR |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Analytic |
No items available.