Lewis turning point
id:
lewis-turning-point-290-7431231
title:
Lewis turning point
text:
The Lewis turning point is a situation in economic development where surplus rural labor is fully absorbed into the manufacturing sector. This typically causes agricultural and unskilled industrial real wages to rise. The term is named after economist W. Arthur Lewis. Shortly after the Lewis point, an economy requires balanced growth policies. Typically, reaching the Lewis turning point causes an increase in the wage bill and the functional distribution favoring labor. However, in some cases suc
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Lewis_turning_point
date created:
date modified:
2022-10-13T06:10:14Z
main entity:
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13
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