How might high wages in Britain have contributed to industrialization there?

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03-03-2022
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How might high wages in Britain have contributed to industrialization there?

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angelfick20 angelfick20 · Answer 1 · 2022-03-03T18:26:59-05:00

angelfick20 angelfick20

03-03-2022

Success in international trade created Britain's high wage, cheap energy economy, and it was the spring board for the Industrial Revolution. High wages and cheap energy created a demand for technology that substituted capital and energy for labour. These incentives operated in many industries.

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