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Labour and Capital

In: Technology in Comecon

Author

Listed:
  • J. Wilczynski

    (Central School of Planning and Statistics
    University of New South Wales)

Abstract

Since the Second World War the Comecon countries have experienced a remarkable growth of employment. Over the period 1950–70 it rose from 103m. to 145m. in the region. There was a rapid growth of population, averaging 1–3 per cent p.a., but employment was in fact expanding faster — at 1–4 per cent p.a.1 This was due to the policy of full employment, the utilization of underemployed labour in agriculture and domestic service mostly by transfers to industry, the increasing employment of women, and in the 1960s it was due to the post-war birth boom entering the labour market. This expansion of employment facilitated rapid economic development via the extensive growth strategy, and lesser concern was displayed for improvements in the efficiency of labour.

Suggested Citation

  • J. Wilczynski, 1974. "Labour and Capital," Palgrave Macmillan Books, in: Technology in Comecon, chapter 2, pages 23-49, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01794-2_2
    DOI: 10.1007/978-1-349-01794-2_2
    as

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