surplus labour


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surplus labour

(MARXISM) labour performed in all class societies, which is undertaken at the command of others or for payment, which enriches an exploiting class. In capitalism this labour produces SURPLUS VALUE. See also LABOUR POWER, LABOUR THEORY OF VALUE.
References in classic literature ?
But winter was coming on, and the surplus labour army was pouring into the cities.
Labour force does not automatically enter the labour market when needed as there are workers in agriculture, surplus labour, unemployed or semi-employed labour.
In resurgent Asia, the outlook for surplus labour force does not appear to be optimistic.
And as surplus labour continued to move within China from agriculture to export sectors, the savings rate continued to increase.
As the size of the non-agricultural sector increases, its growth will have a greater potential impact on poverty through a larger capacity to absorb surplus labour from agriculture.
Arthur Lewis, which explains how employment in new, more productive sectors can absorb surplus labour and push up wages over all.
China's success may vindicate a model advanced by the late Nobel laureate economist W Arthur Lewis, which explains how employment in new, more productive sectors can absorb surplus labour and push up wages over all.
The document, seen by the Echo, reads: "With surplus labour expected in the middle of 2019, the company are looking into voluntary redundancies through central FoB, further discussions are to be had reference to the T&Cs, timescales and plant headcount.
The document, seen by WalesOnline, reads: "With surplus labour expected in the middle of 2019, the Company are looking into voluntary redundancies through central FoB, further discussions are to be had reference to the T&Cs, timescales and plant headcount.
The goods that the labourers make in the appointed time are of a far greater value in comparison to the wage which they get in lieu of their labour for work at the market rate - but they do not get paid for this surplus labour and surplus product.
Growth in private consumption could also be higher, as the rapid reduction in the surplus labour supply is improving the negotiating position of employees, while the demonstrative effect of the expected rise in wages in the government sector on wage growth in the private sector could also be strong.
Our education philosophy is still very elitist and extractive it is geared to meeting coloniality goals of surplus labour to serve the interest of capitalism.