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There is astonishing false consciousness concerning the employment relationship in our society. This can be illustrated by an experiment conducted with beginning Economics students First the students are told about the system of chattel slavery where workers are bought and sold as movable property. But just as a house or a car can be bought and sold, so one can also rent a house or car. Now instead of buying workers as in a slavery system, suppose we consider a system of renting workers. The students are asked if anyone knows an economic system based on the renting of workers. There is usually a puzzled silence. A Black student points out that during slack times, plantation slaves were rented out to work as stevedores, as hands in factories (for example, turpentine or sugar mills), or as common laborers. The Professor agrees that this happened but notes that it was the exception rather than the rule. We need an example of a whole economic system based on renting people. After another pause, some students offer, "Well, what about feudalism?" The Professor responds that feudalism was a system of indirect ownership of workers. Instead of being owned as chattel or movable property, serfs had the security of being attached to the landed estate which was then owned as real property. Thus we still need an example of a system of renting people. After more embarrassed silence and shuffling feet, finally student, by the process of elimination if by no other logic, offers the answer: "Well, isn't that sort of like what we have now? Yes, the system of renting people is our system, the employer-employee system. Of course, we do not say people are rented; we say people are "hired." The students would have had no difficulty thinking of an economic system where workers are hired. The difference a word makes! When applied to things rather than persons, the words "rent and hire" are synonyms. One could say either "rent a car" or "hire a car" with the only difference being that Americans favor "rent a car" while the British will tend to "hire a car." But American and British usage agrees that when people are rented, one says people are hired From an abstract economic-legal viewpoint, the employer-employee relation is the rental relation applied to persons. What do you buy when you rent something? You buy its services, the right to employ or use the entity within certain limits for a given time period. In terms of the stock-flow distinction in economics, to rent the stock is to buy a flow of services from the stock. When one rents an apartment or a car, one buys not the apartment or car itself but some of its services. If one rents a car for three days, one buys three car-days. If one rents an apartment for s months, one buys the services, six apartment-months. Similarly when one rents a person for eight hours, one buys the labor services of eight man-hours (or person-hours), .e., the right to employ or use the person within the limits of the contract for an eight hour period. The labor market is the market for the renting of human beings NO. NO. THAT'S NOT TRUE. 0 DONT TREADON ME THATSIMPOSSIBLE!!

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Renting


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Origin Entry: Late Capitalism

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Melanie D'Arrigo @DarrigoMelanie People seem to be confused. When workers are paid less than a living wage, they're forced to rely on taxpayer funded social safety nets to survive. That's not a taxpayer "handout" to workers. That's a taxpayer handout to corporations.
X Which of the following items might help an HR professional drive employee retention and success? A ping-pong table. Additional responsibilities A raise in pay. Incorrect. Often when an employee leaves, it's not about the money. A good exit interview can help determine the real causes of employee discontent.
futch van der linde ... @AliceAvizandum it's true that there's no ethical consumption under capitalism but another thing nobody really talks about is that it doesn't matter if you buy it or not, production is just totally uncoupled from demand now Peoples Dispatch @peoplesdispatch - Jan 5 e Images from the Atacama desert, which has become a dumpster for the global fast fashion industry. Over 100,000 tons of clothing, many of them new items with price tags that weren't sold or used, have been dumped in the Atacama desert in Chile. Show this thread 39.99 12:36 PM - Jan 7, 2022 - Twitter for iPhone 25.5K Retweets 440 Quote Tweets 89.2K Likes
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Late Capitalism - Renting

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There is astonishing false consciousness concerning the employment relationship in our society. This can be illustrated by an experiment conducted with beginning Economics students First the students are told about the system of chattel slavery where workers are bought and sold as movable property. But just as a house or a car can be bought and sold, so one can also rent a house or car. Now instead of buying workers as in a slavery system, suppose we consider a system of renting workers. The students are asked if anyone knows an economic system based on the renting of workers. There is usually a puzzled silence. A Black student points out that during slack times, plantation slaves were rented out to work as stevedores, as hands in factories (for example, turpentine or sugar mills), or as common laborers. The Professor agrees that this happened but notes that it was the exception rather than the rule. We need an example of a whole economic system based on renting people. After another pause, some students offer, "Well, what about feudalism?" The Professor responds that feudalism was a system of indirect ownership of workers. Instead of being owned as chattel or movable property, serfs had the security of being attached to the landed estate which was then owned as real property. Thus we still need an example of a system of renting people. After more embarrassed silence and shuffling feet, finally student, by the process of elimination if by no other logic, offers the answer: "Well, isn't that sort of like what we have now? Yes, the system of renting people is our system, the employer-employee system. Of course, we do not say people are rented; we say people are "hired." The students would have had no difficulty thinking of an economic system where workers are hired. The difference a word makes! When applied to things rather than persons, the words "rent and hire" are synonyms. One could say either "rent a car" or "hire a car" with the only difference being that Americans favor "rent a car" while the British will tend to "hire a car." But American and British usage agrees that when people are rented, one says people are hired From an abstract economic-legal viewpoint, the employer-employee relation is the rental relation applied to persons. What do you buy when you rent something? You buy its services, the right to employ or use the entity within certain limits for a given time period. In terms of the stock-flow distinction in economics, to rent the stock is to buy a flow of services from the stock. When one rents an apartment or a car, one buys not the apartment or car itself but some of its services. If one rents a car for three days, one buys three car-days. If one rents an apartment for s months, one buys the services, six apartment-months. Similarly when one rents a person for eight hours, one buys the labor services of eight man-hours (or person-hours), .e., the right to employ or use the person within the limits of the contract for an eight hour period. The labor market is the market for the renting of human beings NO. NO. THAT'S NOT TRUE. 0 DONT TREADON ME THATSIMPOSSIBLE!!

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Uploaded Aug 17, 2017 at 02:16PM EDT

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Late Capitalism

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