Reply to post: Re: yeah but what about the jobs...?

Govt control? Hah! It's IMPOSSIBLE to have a successful command economy

Tim Worstal

Re: yeah but what about the jobs...?

"The introduction of machinery made ordinary working people poorer,"


Before the industrial revolution the average wage afforded one 2,000 wheat calories a day and a hovel. England in 1600 AD had GDP per capita of $1,000 a year. Yes, modern dollars (1992 actually) adjusted for inflation. With higher inequality that means the majority were living on what, $2 a day? £1 a day maybe?

We're poorer than that now, after the introduction of machinery?

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