00789nam a2200121Ia 450000500170000010000210001724500590003826000090009752005190010658300190062594200060064499900170065020260716043306.0  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  cA  c44239d44239