Even the most powerful new technology that enhanced the productivity of labour manifold was slow to be accepted by industrialists. Give an example and explain.
Answers
" Even the most powerful new technology that increased the productivity of labour manifold was slow to be accepted by industrialists"
This statement basically explains that irrespective of technological advancements, advent of Steam engines, industrialists were reluctant to use the latest technology to enhance their production, because :
a. The new technology, machinery was expensive to buy.
b. Industrialists were apprehensive of using them as machines often broke and demanded high repair and maintenance.
c. Technological changes occurred slowly, the new machinery often broke and demanded high repair and maintenance. It was not as effective as their inventors and manufacturers claimed.
d. We may give example of steam engine as improvised by James Watt , did not have buyers for years.
e. Further, There was huge supply of human labour in Britain, the industrialists hired them at low cost and were apprehensive of using and introducing machines which required huge investment.
f. In many industries the demand for labour was seasonal in nature , for example gas works, breweries therefor industrialists preferred manual labour employing them in a particular season.
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