I would imagine that an oversupply of laborers (i.e. too many people, not enough places for them to be productive) was a bigger factor.
If you read A Farewell to Alms - it has a pretty convincing argument that the industrial revolution only happened because England ran out of land and birth rates declined and that, combined with thriving merchant and textile and finance industries, led to a shortage of labor - which led to innovation.
I would imagine that an oversupply of laborers (i.e. too many people, not enough places for them to be productive) was a bigger factor.
If you read A Farewell to Alms - it has a pretty convincing argument that the industrial revolution only happened because England ran out of land and birth rates declined and that, combined with thriving merchant and textile and finance industries, led to a shortage of labor - which led to innovation.