Equation 4 · Part 1 · What the Machine Breakers Actually Wanted
Symbol s_L
What this part means
is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
Its job in the formula
is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.
Full expression→Symbol s_L→Article meaning
The passage around this formula
where w is the real wage, Y/L output per worker, and labour’s share of value added. Productivity growth is necessary for durable wage growth but not sufficient for it: the second term can absorb the first for decades. Allen’s contribution is to show that in Britain it did.
Learn the underlying idea
A subscript is a label attached below a symbol. It often selects a time step, component, category, or member of a sequence.
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Sources cited in the article section
- [7] Pessimism Perpetuated: Real Wages and the Standard of Living in Britain during and after the Industrial Revolution ↗
- [8] Engels' pause: Technical change, capital accumulation, and inequality in the British industrial revolution ↗
- [9] The History of Technological Anxiety and the Future of Economic Growth: Is This Time Different? ↗
These citations provide research context; check each source for the exact claim it supports.