Slavery also displaces industry in the economy. Slave-driven industries compete with industrial development for investment funds and production driven by slave labor can compete with mechanized production. But if labor is suddenly expensive, mechanized production has an advantage, and if former slaves are now getting paid there are also more customers for the output of that production.
So industrialization may have played some role in abolition, but did abolition also drive industrialization? Slavery was abolished in Britain in the early 19th century and Britain was also the cradle of the industrial revolution, which started to hit very shortly after. America did not explode industrially until after it abolished slavery.
If we'd abolished slavery in Roman times we might have terraformed Mars by now.