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

Question

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?

In: 0

Answer 1

Slave labor is normally under-reported. I don’t have any, but if I did, I would not tell anyone. So any estimates of the number of slaves making products would be hard to gauge accurately. Capitalistic labor is easy to track. easier.