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Historically, that's what happened. The average wage went down because less training was required despite more people being employed. Revenues went way up, quic
by Supermancho 7y ago
Historically, that's what happened. The average wage went down because less training was required despite more people being employed. Revenues went way up, quickly.
- sokoloff 7y agoMany (now) mass-produced goods also became much cheaper than when they were artisanally hand-crafted.
- ipnon 7y agoFurther, the extent to which material quality of life has improved since the industrial revolution implies that the drop in prices has exceeded the drop in wages by orders of magnitude.