A few years ago, I began to see the "labor supply" issues of slavery, and how the South was basically an economic powerhouse fueled chiefly by the labor of its enslaved people--so how do you reconcile that after the fact? How does a Union of freemen compete with that?
And this year, around Juneteenth, contemplating it even more deeply, I began to consider slavery as an institution that compels "employers" to provide all practical necessities for "employees". That is, room and board and clothing are all provided to the workers, in perpetuity, and this in fact granted a lot of stability and assurance.
Now free the slaves. Wonderful! Hurrah for equality and justice! Now, however, every employee, every worker, is totally on their own for those basic necessities of life. They buy their own clothing, they find their own housing, they're paying for all their own food, and that of their families, especially their dependents. I mean, that's a huge, huge difference. How is that even possible? Sometimes it's not. Is it any wonder we've had homelessness, and the rise of the welfare state, and slavery by imprisonment? It's no surprise.
So yes, freeing the slaves was the right thing to do. Let's never forget that! But we should also consider the economic "downsides" and the other side of the coin, so to speak, when it comes to the labor of free citizens, and what the average worker needs to do, just to survive, outside the confines of those vanished institutions.