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The Big Investment Lie by Michael Edesess

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19The Modern Slippery Slope of Business Ethics

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In the eighteenth and much of the nineteenth centuries, the vast majority of people worked on farms. Then the industrial revolution and mechanization took most of the labor out of farm work. In the industrialized Western world, farm laborers became factory workers. In the end, less than 5 percent of the workforce in the developed world now works on farms.

More recently, after farm workers became factory workers, factory jobs in America and Europe moved to regions of lower-cost labor in the Far East and South Asia. America became more and more the land of service industries and white-collar professions. ...

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