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EP: 72 Cheap Labor to $770 Car Notes and Why We’re All Still Underwater
In this episode of The Sense and Senseless Podcast, Bryan and Jason start with a dirty vacation condo and end up tracing 400 years of American cheap labor.Bryan noticed the cleaning crew did a mediocre job even though a cleaning fee was paid. That observation launched a discussion about how cheap labor pools change over generations. New immigrant groups typically arrive desperate, work extremely hard, accept low pay and bad conditions, then gradually realize they are being overloaded and underpaid. Quality drops. They organize or move into better jobs, and employers simply replace them with…
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