Choose the below statement is true or false;

During the late 18th and early 19th century in England, wages were high.

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Detailed Solution

The above statement is True.
Early in the nineteenth century, wages climbed a little. However, they don't provide much information about the well-being of the employees. The average values obscure the variances among trades and the variations from year to year. For instance, when prices spiked during the protracted Napoleonic War, the real worth of the workers' earnings decreased dramatically because the same wages could now only buy a smaller number of goods. Additionally, a worker's income was not solely based on their hourly compensation. The length of employment, which affected the workers' average daily wage, was also important. Up to the middle of the nineteenth century, around 10% of urban residents were severely destitute. The percentage of unemployed people increased to anywhere between 35 and 75% in different locations during economic downturns like the 1830s.

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