In response to another post, I'm just going to give the post this, which is a somewhat long read, but a very worthwhile one:
https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty
It's a book review of Progress and Poverty written by Henry George in 1879, it was a best seller in it's day and over 200,000 people went to Henry George's wake.
The TDLR of it is that since the supply of land can't change, anytime demand goes up due to an increase in wages or population then rent will rise. Therefore, the proceeds of most material progress will be captured by landlords and the amount of wages a worker gets to keep after paying rent will be reduced to the bare minimum to keep them alive.
As Henry George put it:
Place one hundred people on an island from which there is no escape. Make one of them the absolute owner of the others — or the absolute owner of the soil. It will make no difference — either to owner or to the others — which one you choose. Either way, one individual will be the absolute master of the other ninety-nine…
The same cause must operate, in the same way and to the same end, even on a larger scale and through more complex relations. When people are compelled to live on — and from — land treated as the exclusive property of others, the ultimate result is the enslavement of workers. Though less direct and less obvious, relations will tend to the same state as on our hypothetical island. As population increases and productivity improves, we move toward the same absolute mastery of landlords and the same abject helplessness of labor. Rent will advance; wages will fall. Landowners continually increase their share of the total production, while labor's share constantly declines.
To the extent that moving to cheaper land becomes difficult or impossible, workers will be reduced to a bare living — no matter what they produce. Where land is monopolized, they will live as virtual slaves. Despite enormous increase in productive power, wages in the lower and wider layers of industry tend — everywhere — to the wages of slavery (i.e., just enough to maintain them in working condition).
There is nothing strange in this fact. Owning the land on which — and from which — people must live is virtually the same as owning the people themselves. In accepting the right of some individuals to the exclusive use and enjoyment of the earth, we condemn others to slavery. We do this as fully and as completely as though we had formally made them chattel slaves.