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by MontyCarloHall
61 days ago
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>Labour displacement leads to an erosion of standards of living The two biggest labor displacements in human history were the agricultural and industrial revolutions, both of which resulted in enormous gains in human living standards. Can you think of a mass labor displacement that resulted in an overall erosion of living standards? I cannot. |
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For a very specific example: the cotton gin likely increased the demand for slave labor in the American South, leading to harsher conditions for slaves, increased acrimony between slaveholders and abolitionists, and eventually the Civil War (the decimation of the Southern economy, the pivot of Northern society to a war footing w/ associated disruptions, and 600,000 Americans dead).