000			00789nam a2200121Ia 4500
005			20260716043306.0
100			_aPalmer, Ransford
245			_aSurplus labour economy affects technological advances.
260			_c1991
520			_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.
583			_c3/7/00 _kM2LMGR
942			_cA
999			_c44239 _d44239