Why did indentured servitude decline?

Indentured servitude declined mainly due to factors such as the emergence of wage labor, changes in laws and regulations, and the shift towards chattel slavery in the Americas. As the demand for labor changed and it became easier to rely on other forms of labor, such as enslaved people, the practice of indentured servitude became less common. Additionally, criticism of the exploitative nature of indentured servitude and efforts to abolish the practice also contributed to its decline.