eli5: how does wage labor produce more profit than slave labor?

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To Start slavery in any form is immoral and needs to be abolished from every corner of the globe.

I am asking this because I heard somewhere that a big factor for the banning of slavery in these industrialized areas of the world (I.e Britain and the Northern US) was motivated by profits because it was better on profits to have paid workers rather than slaves.

That could also be 100% wrong but if it is true then wouldn’t slave labor bring more profit than a paid worker?

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Anonymous 0 Comments

Ive read the same thing, that slavery was on its way out because it was inefficient.

Consider all the additional costs involved with slavery, some measure of control and enforcement to avoid anyone running away, you still have to provide food, clothes, shelter. Plus the expense of purchasing slaves to begin with.

And at the end of the day, you had an incredibly unmotivated workforce who had no interest in working hard beyond avoiding some sort of punishment.

It didnt really save anything over a paid worker who recieved wages barely enough to afford food, clothing, and shelter, but he would be motivated to work harder in such a way that he might be rewarded with some portion of the marginal productivity he could provide. The other portion of course, being in the land owners pocket.

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