Gov regulations and high taxes do cause a loss of jobs. This is why there are less adults now working as percentage of the population than at any time as many are on welfare , disability etc. This thanks also to the marxist Obama not automation or machines.
The industrial revolution did cause massive disruption in society and changed society for the worse. Sure, society eventually "corrected," but the this time around the rules of the game won't be the same, because unlike in the past, no job is safe. People will survive no doubt, but the dignity inherent in labor will be denied to more people than ever before, sacrificed on the altar of the almighty buck. This is 1 Timothy 6:10 playing out on a societal level. This is not a Godly direction to take.