"Habakkuk thesis" meaning in English

{
  "etymology_text": "Proposed by John Habakkuk (1915–2002), British economic historian, in his 1962 work American and British Technology in the Nineteenth Century: The Search for Labour-Saving Inventions.",
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  "lang_code": "en",
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      "glosses": [
        "The theory that land abundance and labor scarcity in the 19th-century United States led to high wages, which resulted in labor-saving technological innovations and the development of the American system of manufacturing based on the extensive use of machinery and interchangeable parts."
      ],
      "id": "en-Habakkuk_thesis-en-name-Q14sQz3g",
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          "economics",
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          "theory",
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        [
          "land",
          "land"
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        [
          "abundance",
          "abundance"
        ],
        [
          "labor",
          "labor"
        ],
        [
          "scarcity",
          "scarcity"
        ],
        [
          "United States",
          "United States"
        ],
        [
          "wage",
          "wage"
        ],
        [
          "labor-saving",
          "labor-saving"
        ],
        [
          "technological",
          "technological"
        ],
        [
          "innovation",
          "innovation"
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        [
          "machinery",
          "machinery"
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          "interchangeable",
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      "raw_glosses": [
        "(economics) The theory that land abundance and labor scarcity in the 19th-century United States led to high wages, which resulted in labor-saving technological innovations and the development of the American system of manufacturing based on the extensive use of machinery and interchangeable parts."
      ],
      "synonyms": [
        {
          "word": "Habakkuk hypothesis"
        },
        {
          "word": "Rothbarth-Habakkuk thesis"
        }
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "John Habakkuk"
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    }
  ],
  "word": "Habakkuk thesis"
}

{
  "etymology_text": "Proposed by John Habakkuk (1915–2002), British economic historian, in his 1962 work American and British Technology in the Nineteenth Century: The Search for Labour-Saving Inventions.",
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  "lang_code": "en",
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        "The theory that land abundance and labor scarcity in the 19th-century United States led to high wages, which resulted in labor-saving technological innovations and the development of the American system of manufacturing based on the extensive use of machinery and interchangeable parts."
      ],
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          "abundance",
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          "labor",
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          "scarcity",
          "scarcity"
        ],
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          "United States",
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        ],
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          "wage",
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          "labor-saving",
          "labor-saving"
        ],
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        "(economics) The theory that land abundance and labor scarcity in the 19th-century United States led to high wages, which resulted in labor-saving technological innovations and the development of the American system of manufacturing based on the extensive use of machinery and interchangeable parts."
      ],
      "synonyms": [
        {
          "word": "Habakkuk hypothesis"
        },
        {
          "word": "Rothbarth-Habakkuk thesis"
        }
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "John Habakkuk"
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    }
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  "word": "Habakkuk thesis"
}