Not sure how "read history" is a contribution to a discussion about the cost-effectiveness of abusing workers vs investing in better work conditions.
A history lesson on "we used to do things this way, but then we made a law that says we can't anymore" isn't an analysis. It just tells me that people got fed up with being overworked and lobbied for a law against it. Not that their employers were making informed decisions.
It's akin to the broken "butts-in-seats" culture that has been slowly dying. Many employers are realizing that more hours at a desk isn't always a net gain in the long term.