From the NYT 1619 Project.
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Matthew Desmond, August 14, 2019
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“Low-road capitalism,” the University of Wisconsin-Madison sociologist Joel Rogers has called it. In a capitalist society that goes low, wages are depressed as businesses compete over the price, not the quality, of goods; so-called unskilled workers are typically incentivized through punishments, not promotions; inequality reigns and poverty spreads.
https://www.nytimes.com/interactive/2019/08/14/magazine/slavery-capitalism.html