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The Luddites were right. Is new technology a threat to existing financial advisory jobs? The Luddites were right; machinery would cost them their jobs. In those days, outside of agriculture, those that came to the towns generally joined communities specialised in one industry. In the town, business diversification wasn't a thing. The Luddites were Weavers full stop. They didn't think "shall I get into insurance?" Innovation, during “Industrial Revolution 1.0”, wasn't a “bi