00713nam a2200085Ia 4500100002100000245005900021260000900080520051900089583001900608  aPalmer, Ransford  aSurplus labour economy affects technological advances.  c1991  aNotes 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.  c3/7/00kM2LMGR