Reduce wages and often use it against desperate

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reduce wages and often use it against desperate, vulnerable workers (like immigrants) b. pay less than minimum wage, make illegal payroll deductions for use of tools or for damaged foods, forcing workers to labor without pay before and after regular shift hours (aka off the clock violations), stealing tips, refusing to pay overtime, and denying or reducing time for meal breaks during the shift. 16. Replace defined-benefit pension plans with defined-contribution plans a. sold to workers as an idea to “manage their own money.” but in reality means denying them retirement plans and forcing them to pull from their savings 17. Incarcerate minority poor- especially young black and Latino men. a. negatively labels them as “felon” or “convict” which leads them to “civic death” i. now less hireable and lack of public benefits…. now they are economically trapped and politically excluded 18. Harass, intimidate, and repress immigrant workers a. carried out by state authority BIG PICTURE: class struggle was determined by the capitalist class. They wanted to control the wealth, so they took advantage of the workers Capitalists own 80-85% while workers own no more that 15% Reduced savings, more debt, and reliance on stock and housing (which collapsed) people of color and women receive far less wealth because they have lower wages and greater unemployment rates. 7. Name: Jessica Reading: Reader 24-26 Summary: Ch. 24: Einstein on Socialism Many civilizations owe existence to conquest/imperialism → Conquering people established themselves above all; creating class division and guided everyone to a certain social behavior Socialism was created to overcome the current “Predatory Phase” Einstein claims that socialism works for a social/ethical end. “Science can only do so much for society” THE CRISIS OF OUR TIME = relationship of individual + society. To the individual, a capitalist society is the greatest threat to natural rights and economic existence
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Einstein claims capitalism = EVIL. Capitalism creates a society in which everyone tries to deprive each other's collective efforts towards progress ** ON THE EXAM FOR SURE** CRISIS OF OUR TIME = Evils of Capitalism Capitalism = individuals become more dependent on economy for basic human rights Workers don’t earn what they ACTUALLY produce, and the owner of the means of prod. owns EVERYTHING produced by workers Private capital = owned by very few Competition among capitalist encourages formation of larger corporation at the expense of smaller ones Creates an oligarchy of private capital w/ enormous power BUT no one (not even government) can keep these hugeass companies in check → they fund political parties that only express THEIR interests, own news/media outlets...Basically control the whole nation Capitalism is based on 2 principles: Means of production = privately owned and owners dispose of them as how they see fit labor contract is free
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