AI and Comparative Advantage
· econlib.org
It was a fact universally acknowledged that a young man or woman in 1800s Lancashire could find gainful employment as a weaving apprentice. In the pre-factory cottage industry, a weaving family would typically own one handloom. With the dawn of mechanised wool spinning, plenty of jobs became available for the young and willing to upskill. […]
It was a fact universally acknowledged that a young man or woman in 1800s Lancashire could find gainful employment as a weaving apprentice. In the pre-factory c...