The Roman empire did that for hundreds of years! They had an economic standard that wasn't surpassed until ~1650s Europe, so why didn't they have an industrial revolution? It was because elites were very against technological developments that reduced labor costs or ruined professions, because they thought they would be destabilizing to their power.

There's a story told by Pliny in the 1st century. An inventor came up with shatter-proof glass, he was very proud, and the emperor called him up to see it. They hit it with a hammer and it didn't break! The inventor expected huge rewards - and then the emperor had him beheaded because it would disrupt the Roman glass industry and possibly devalue metals. This story is probably apocryphal but it shows Roman values very well - this story was about what a wise emperor Tiberius was! See https://en.wikipedia.org/wiki/Flexible_glass