Based on extensive academic research on trickle-down economics, in particular looking into the evolution of real wages of different sectors of population, since 1980s.
See the work of recent Nobel prize laureates in economics. Many argue for redistribution and investment back to the society.
But the past few revolutions benefitted everyone and we are better off. Look at industrial revolution, digital revolution. Why do you think it is different this time? If trickle down economics don't work, why is world poverty at all time low and consumption at all time high?
I really don't see how one can separate the industrial revolution from colonialism, considering we have chiefs of government in colonial countries on the record saying that colonies are a necessary outlet for industrial goods [1].
Once you've established that link, it's hard to explain that "everyone" benefitted from the industrial revolution.
Even disregarding that, the working conditions created by industrialization allowed for situations that can hardly be described as "beneficial" [2][3][4].
What percent of the population in places which experienced the industrial revolution would be better off if they time-travelled back 200 years? 1%? 0.2%?
> in places which experienced the industrial revolution
People experienced the industrial revolution everywhere.
I suspect, when you think "places which experienced the industrial revolution", you think about a small subset of areas where some development happened as a result of that, likely the areas where industrialists lived.
But you would also have to consider other places' experience of industrialization. For instance, Congo under EIC colonial rule did experience industrialization - it was the place where industrial amounts of rubber were harvested to allow for plants elsewhere to produce joints, pipes, motor belts, etc. It's not really hard to believe that, had Congo not experienced that, its citizen would almost certainly have been better off now.
Does Congo lack electricity, modern medicine, and air conditioning?
If the industrial revolution has made their lives worse, it's a double-whammy because they are forced to suffer almost twice as long, as their life expectancy at birth has approximately doubled since 1870.
See the work of recent Nobel prize laureates in economics. Many argue for redistribution and investment back to the society.