I remember taking a graduate-level economic development course (with Charles Blitzer, I believe) in which the reading, including an article by Amartya Sen and a book by the UN on project evaluation, seemed to encourage the use of capital-intensive technologies despite low wages and unemployed labor. (I think it's the UN International Development Organization.)
On Sun, Dec 9, 2012 at 3:09 PM, Anthony D'Costa <[email protected]>wrote: > This dynamic is operating even in places like India, where labor is > abundant. Hence, at low per capita incomes machines doing the work of labor > is very much part of the equation and thus induces capital bias in > employment. No wonder India's employment stands at over 85% in the > unorganized sector (with indecent jobs using the ILO definition and a low > road to accumulation too). With massive involuntary underemployment there > is already work rationing in effect. > > Cheers, Anthony > -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
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