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vendingmachine commented on the word truck system
A truck system includes one or both of the following practices under which truck wages are used to defraud and/or exploit workers.
1) The truck wages are demonstrably of a lesser market value than the amount of money that would normally be paid for the same work.
2) Truck systems limit employees' ability to choose how to spend their earnings. For example, credit or company scrip might be usable only for the purchase of goods at a monopolistic company-owned store, at which prices are set artificially high. As long as the company store is the only party able and willing to accept scrip for needed goods, there is no meaningful competition to lower prices. Hence, a truck system relies on a closed economic system in which employees are required to become subject to a retail monopoly in essential goods.
June 19, 2022