That rate of exploitation is pretty wild though, $2/hr while earning hundreds for the employer. Most capitalists begin uncontrollably salivating just thinking about that.
This is a power thing though, the closest we have/had in terms of rate of exploitation was silicon valley software engineers. They got basically free everything to distract them from how much they were being exploited. If working circumstances were worse, they would have demanded higher pay or quit, because they could afford to.
As the article notes, in the Philippines that is not the power dynamic at all. These are already among the highest paying jobs, and I doubt these workers are in a position to bargain for better. There are too many people willing to take their job, either in their own country, or in other impoverished countries.
Is it wild? Subjectively absolutely and also inhumane.
Is it a rare case? I don’t think so, if you look at Elon Musk, Jeff Bezos, Bill Gates, hell even the most sane billionaire Warren Buffet.
Luckily in some states there are limits how much the top employee can earn vs. the cheapest employee. But usually this is only enforced for governmental bodies.
That rate of exploitation is pretty wild though, $2/hr while earning hundreds for the employer. Most capitalists begin uncontrollably salivating just thinking about that.
This is a power thing though, the closest we have/had in terms of rate of exploitation was silicon valley software engineers. They got basically free everything to distract them from how much they were being exploited. If working circumstances were worse, they would have demanded higher pay or quit, because they could afford to.
As the article notes, in the Philippines that is not the power dynamic at all. These are already among the highest paying jobs, and I doubt these workers are in a position to bargain for better. There are too many people willing to take their job, either in their own country, or in other impoverished countries.
Is it wild? Subjectively absolutely and also inhumane.
Is it a rare case? I don’t think so, if you look at Elon Musk, Jeff Bezos, Bill Gates, hell even the most sane billionaire Warren Buffet.
Luckily in some states there are limits how much the top employee can earn vs. the cheapest employee. But usually this is only enforced for governmental bodies.