Ultimately, how much do you want to carry the losers, especially as some of the things you mention are changed because of markets and people have an option to shift job.
Like a lot of people who were farriers would have seen income decline because of cars, at which point, they'd have gone off and become car mechanics. The people who stuck…
Ultimately, how much do you want to carry the losers, especially as some of the things you mention are changed because of markets and people have an option to shift job.
Like a lot of people who were farriers would have seen income decline because of cars, at which point, they'd have gone off and become car mechanics. The people who stuck around until the end would have been the people in semi-retirement who didn't see the benefit of investment in switching industry, plus, the reduction in people doing it would have maintained a lot of the rewards for those that were left.
Ultimately, how much do you want to carry the losers, especially as some of the things you mention are changed because of markets and people have an option to shift job.
Like a lot of people who were farriers would have seen income decline because of cars, at which point, they'd have gone off and become car mechanics. The people who stuck around until the end would have been the people in semi-retirement who didn't see the benefit of investment in switching industry, plus, the reduction in people doing it would have maintained a lot of the rewards for those that were left.