>>people who built it all left with nothing but memories of once being valuable.
But, the story doesn't end there does it? Most loom workers left their jobs and became factory workers (part of the same technology revolution) and critically: made MORE money. They were wealthier. And the loom machine operators left had a better job. There are very good sources for this, not just vibes [1].
I don't deny that the transition process is traumatic, and there is much we should be doing this time around to assuage the process. But all the evidence points to a general rise in pay, material conditions and standard of living.
But, the story doesn't end there does it? Most loom workers left their jobs and became factory workers (part of the same technology revolution) and critically: made MORE money. They were wealthier. And the loom machine operators left had a better job. There are very good sources for this, not just vibes [1].
I don't deny that the transition process is traumatic, and there is much we should be doing this time around to assuage the process. But all the evidence points to a general rise in pay, material conditions and standard of living.
[1]: https://yalebooks.yale.edu/book/9780300205251/libertys-dawn/