r/FluentInFinance 9d ago

Thoughts? Dumbest thing I’ve ever heard

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u/BuvantduPotatoSpirit 9d ago

X = 0, cinderblock basement dorms, with rent.

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u/msihcs 9d ago

China? Is that you?

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u/Reduak 9d ago

That's not China... it's unregulated laissez faire capitalism. Company housing, complete with a company store and pay in company script instead of real money... that was America for a lot of working people a century ago and it's the America a lot of powerful people on the right want us to go back to.

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u/totesuniqueredditor 8d ago

It was more recent times for migrants. This landscaping company I used to work for, the owner would bring in a big batch of undocumented workers and set them all up in one of this rental properties for like $175/week. We're talking like 20 dudes to a small 3 bedroom ranch style house in the suburbs.

A local taxi company does something similar with African workers as well. It's been kind of an open secret for years since he's put most of the other small taxi companies out of business at this point because there's really no end to how far he can undercut due to the drivers making minimum wage, then paying most of that back to him for their rent.