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... 5 An example of this would be the use of child labor and women workers who were used as labor in the mills and mines. This over abundance of workers caused them to compete against each other for wages, keeping wages low, often at subsistence levels. The mine owners had such a free hand that safety was only a concern when there was a danger of slowing or stopping production.
Governments who subscribed to the “Phillips Curve” theory also had the means to control unemployment, but in different ways. An example of this would be encouraging immigration of certain workers to swell the labor pool, ...

... producing greater productivity had similar effects to government policies advocated by the “Phillips Curve”. The ranks of the “Army of the Unemployed” swelled, as the Industrial Revolution continued. As the new machines displaced workers, reducing the costs of production and creating greater productivity, the ruling class became richer. The Capitalists could then choose to maintain the status-quo of keeping the increased profits, resulting from the decreased labour costs; or, to buy more machines, which could be operated by the same number of workers at the same overhead costs, but resulting in larger profits. By making ever increasing profits they could also buy even more ...

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