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Not all slavery involves manacles and lynchings. When you are in a job that doesn't pay enough to live on, but you know that you'll be even more poor if you quit, know that there are no other jobs available out there, and will lose health care and any accumulated benefits by walking out the door, then you are not far from being a slave. As harsh as conditions were in the pre-civil war south (and they were inhuman) the slave owner was obligated to feed his slave work-force, to house and clothe them, to provide medical care in the case of disease and so on.
Perhaps a more accurate view of wage slaves is the company town mentality, where a large corporation would be the only job in town (be it mining, food processing, sewing, what have you). The company would sell food, clothing, tools, and rent lodging to the employees, but by charging more than these employees made, insured that these services came dear. To help "cover costs", the company would extend "credit" to the workers, who would then find themselves falling farther and farther behind each month, until soon they were so far in debt that they had no chance of ever breaking free. Employees who "skipped-town" on their debts could be hunted down by bounty hunters and imprisoned, or given the option of going back to work but for even less.
This is just as much a form of slavery, even though it doesn't involve formal ownership of human beings. In earlier form of this wa indentured servitude, where people who commited crimes of poverty (being unable to pay debts) would be sentenced to prison, but with the option of entering indenture. In this case, another person would buy that person's bond and the person would then pay the other person back with an agreed amount of service and a fixed sum. In many cases, this sum was fairly high, and the employer would either underpay their workers, when possible, or would start charging them fees for breakage or other issues.
While there have been laws on the books since the 1930s to discourage this kind of behavior on the part of corporations, they have been under near continuous assault, and lately have been crumbling as Bush and his cronies have taken over. Most fast food restaurants require their employees to purchase uniforms and in many cases equipment from the company, despite the fact that wearing the uniform is a condition for employment. The GAP recently got into trouble for this kind of practice, as it made its employees purchase retail clothes only sold by the GAP, which meant that they had to effectively buy a whole wardrobe. The company just got a slap on the wrist, so it will likely become more pervasive.
A number of companies now require that you own your own computer to do work for the company, or will provide a loan to you to be taken out of your wages for the cost of that computer. At $10 an hour, it can take a long time to pay back that loan, and you could pay a significant penalty if you quit early.
In other words, slavery is not always obvious not always clear cut, and by playing the game of not paying a living wage, all too many companies are able to utilize this neo-slavery to enhance their bottom lines.
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