Final answer:
The desire for wealth led owners to prioritize profit over workers' well-being, resulting in poor working conditions and low wages. This sparked labor movements and unions for workers' rights.
Step-by-step explanation:
Impact of the desire for wealth on owners' concern for workers
The desire for wealth often resulted in owners prioritizing profit over the well-being of their workers. To maximize their profits, owners would seek to reduce labor costs by cutting wages, increasing working hours, and neglecting workplace safety measures. This led to poor working conditions, exploitation, and low wages for workers.
For example, during the Industrial Revolution, factory owners aimed to accumulate wealth by employing workers in unsafe and unsanitary conditions, paying them incredibly low wages. Children and women were also exploited due to being seen as a cheap source of labor.
While owners' desire for wealth generally aided industrialization and economic growth, it often disregarded the welfare of workers and resulted in harsh working conditions. This sparked the rise of labor movements and unions advocating for workers' rights and improved working conditions.
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