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Cake day: July 8th, 2023

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  • pdxfed@lemmy.worldtoTechnology@lemmy.worldTeachers Are Not OK
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    12 hours ago

    the banks are going to have to get involved soon…figure out a way to load up working-age people with long-term debt

    Why the hell do the banks need to step in? System for an indentured workforce is already in full effect:

    • no safety net, unemployment difficult to get and punishing poverty if it’s all you have
    • require a car (e.g. initial capital and ongoing cost) to participate in many jobs
    • have oligopolies rent out housing that is so expensive even those with full-time work can’t save any money
    • have oligopolies own groceries, they maximize profits (consumer cost)
    • have oligopolies own medical facilities, they maximize profits (consumer cost)
    • stuff people full of consumer desires and give them easy access to credit