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Planet Money
Planet Money

Summer School 2: The golden ages of labor and looms

Jul 17, 2024 · 32m
AI Summary
  • Examines how the Black Death in 1347 Sicily shifted economic power toward workers due to labor scarcity, creating a 'silver lining' in the pandemic's aftermath
  • Explores the Luddite rebellion of the Industrial Revolution, revealing it was a rational response to technological displacement rather than simple anti-technology hysteria
  • Analyzes how labor supply and demand dynamics have historically determined worker power versus employer control across different economic eras

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