Quote:
Originally Posted by iheartthed
The U.S. has a long history with company towns, and it has probably never worked out well.
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assholism
Rather than receiving compensation in United States currency, many miners received payment entirely in scrip, which could be used only at the town store, eliminating any prospects of acquiring generational wealth. The result was a situation in which miners were perpetually in debt to their employer, receiving only an "advance against unearned wages. Because the company store was often the only place to spend scrip, the company could charge exorbitant prices in these rural communities compared to prices in major cities.
still happens in some places. Walmart in Mexico, for example:
Court outlaws Wal-Mart de Mexico worker vouchers