quote “When you drive labor costs up too fast and too high, employers will invest in the increasingly affordable technology required to replace workers with automation.”
yep,which is exactly why the industrial revolution happened right after slavery was abolished.
There is and will always be a need for cheap labor. When businesses can’t get it.. they will force a technological leap to address their need.
“yep,which is exactly why the industrial revolution happened right after slavery was abolished.”
Mmm...never made the connection.
You certainly make some good points that are applicable today as well.