Labor-Saving Technology

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A Labor-Saving Technology is a technological innovation that reduces the number of workers per unit of economic output.



References

2002

  • (Kumar & Russell, 2002) ⇒ Subodh Kumar, and R. Robert Russell. (2002). “Technological Change, Technological Catch-up, and Capital Deepening: relative contributions to growth and convergence.” In: American Economic Review.
    • QUOTE: … much of convergence that we observe is due to convergence in technology versus … determined conceptually by the state-of-the-art, potentially transferable technology; the second … as countries adopt "best practice" technologies and reduce (or exacerbate) technical and allocation …

1956