What effect did a lack of guarantees of worker safety have on the economy?

A lack of guarantees of worker safety can lead to higher rates of workplace injuries and illnesses, resulting in increased healthcare costs and lost productivity. This can discourage workforce participation and reduce overall economic output. Additionally, it can erode public trust in businesses and lead to higher turnover rates, which further destabilizes the labor market and hampers economic growth. Ultimately, neglecting worker safety can create a cycle of economic inefficiency and reduced competitiveness.