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Industrial Revolution displaced workers for 70 years, study finds

By PulseAugur Editorial · [1 sources] ·

The transition to an industrial economy took 70 years to recover wages and employment for displaced workers, according to Carl Benedikt Frey at Oxford. During this period, income inequality surged, profits rose, and the labor share of income declined, leading to significant social and political unrest. AI

RANK_REASON The item discusses historical economic transitions and their social impacts, drawing on research but not presenting new findings or a specific event.

Read on Mastodon — mastodon.social →

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Industrial Revolution displaced workers for 70 years, study finds

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The item discusses historical economic transitions and their social impacts, drawing on research but not presenting new findings or a specific event.
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COVERAGE [1]

  1. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    The agricultural transition took a hundred and forty years. Carl Benedikt Frey at Oxford has documented that the Industrial Revolution took seventy years before

    The agricultural transition took a hundred and forty years. Carl Benedikt Frey at Oxford has documented that the Industrial Revolution took seventy years before wages and employment recovered for the workers it displaced. In the interim, wages stagnated, the labor share of income…

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