the process of industrialisation brought with it machineries for the newly emerged class of industrial workers explain only seasonality of work and low real wages?
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the process of industrialisation brought with it machineries for the newly emerged class of industrial workers explain only seasonality of work and low real wages?
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Answer:-
Seasonality of work:- Seasonality of work in many Industries meant prolonged periods without work. most of the workers failed to get jobs. So, they offer their services at lower wages.
Low real wages:- Through the wages increased somewhat in the early 19th century but the increase was nullified buy increase in prices. During during the Napoleonic Wars, the real wages fell significantly.