Unions key to workers’ wage growth

For much of human history, economic growth puttered along slowly – so slowly, in fact, that shops would sometimes carve prices into their stone walls. Then, in the late 1700s, one of the most dramatic transformations in world economic history took place. Starting in Britain, the Industrial Revolution saw production move from hand work to mechanisation. Steam-powered factories massively increased the output of textiles. Output per worker began to surge.
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[Source: www.thesaturdaypaper.com.au] [ Comments ] [See why this is trending]
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