A family has worked in the mining industry for generations. For years, they enjoyed high wages and job security due to a global surge in demand for the raw materials they extracted. However, two major changes occurred simultaneously: the global demand for the commodity suddenly collapsed, leading to a sharp price drop, and the mining company invested heavily in new automated machinery that could perform many of the tasks previously done by human workers. As a result, the family members lost their jobs.

Analyze the two distinct economic shocks described in this scenario. Explain how each shock contributed independently to the family's job loss, and discuss how their combined effect created a more severe employment crisis for the family than either shock would have alone.