Planet Money
Summer School 2: The golden ages of labor and looms
Jul 17, 2024
The podcast dives into the historical shifts in labor power, revealing how the Black Death in 1347 unexpectedly boosted worker rights and wages. It contrasts this with the dramatic Luddite uprising during the Industrial Revolution, where skilled textile workers violently resisted new machines threatening their jobs. The discussion highlights the ongoing relevance of these events, drawing parallels to today's challenges with technology and labor dynamics, showcasing how crises can reshape economic landscapes and worker empowerment.
32:49
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Quick takeaways
- The Black Death pandemic in 1347 led to improved bargaining power for workers by creating a labor shortage and boosting wage rates.
- The Luddites' rebellion against machines during the Industrial Revolution signifies the ongoing struggle between labor and technology, showcasing the impact of automation on job security.
Deep dives
Labor History Relevance to AI and Automation
As industries shift towards automation, the relevance of labor history becomes evident. The looming question of AI possibly taking over jobs raises concerns about the distribution of the value generated by work. Throughout history, a struggle persists between labor and ownership, where dramatic shifts occasionally empower workers. The narrative underscores the importance of understanding past labor dynamics amid current economic challenges.
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