In a U.S. town, a mining company owns all the stores and most of the houses. It sells goods to the workers at inflated prices, o

Question

3 years ago

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In a U.S. town, a mining company owns all the stores and most of the houses. It sells goods to the workers at inflated prices, o

ffers house rentals for twice what a mortgage would be, and makes sure to always pay the workers less than needed to cover food and rent. Once the workers are in debt, they have no choice but to continue working for the company, since their skills will not transfer to a new position. This situation most closely resembles

Social Studies

1 answer:

Alex · Answer 1 · 2021-11-25T02:05:02+03:00

Answer:

Debt slavery

Explanation:

Debt slavery is a form of modern day slavery whereby an individual is forced to work in exchange for his/her debt being written off by the creditor.

The workers of the mining company are experiencing debt slavery as they have to continue to work for the company in order to pay off their constant debts and in this case the mining company is the creditor while the employees are the debtors.