Post B4CgTvJJUGOlifQS6S by rysiek@mstdn.social
 (DIR) More posts by rysiek@mstdn.social
 (DIR) Post #B4CgTvJJUGOlifQS6S by rysiek@mstdn.social
       1 likes, 1 repeats
       
       I am absolutely loving the fact that fedi is the kind of place where people still not only know the terms "scrip" and "company town", not only understand why these are dangerous ideas, but are also violently vocal about how bad they are as soon as something shaped like them is mentioned.:blobcatlove:
       
 (DIR) Post #B4CgTwFnynBce4nAH2 by MoonberryJam@equestria.social
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       @rysiek I know what company town means but what's a scrip?
       
 (DIR) Post #B4CgTwSDEf6xGYb4c4 by JeffGrigg@mastodon.social
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       @MoonberryJam @rysiek "Scrip" is typically an alternative form of money. In this context, it's "money" printed by the company and paid to employees instead of conventional national "legal tender." Sure, you can buy things at >The Company Store< (at company controlled prices). But it's worthless anywhere else.(It's illegal for companies to do this.)https://en.wikipedia.org/wiki/Scrip
       
 (DIR) Post #B4D3p23Dv3AzeSvyvA by csolisr@hub.azkware.net
       0 likes, 1 repeats
       
       There's one mandatory book we read in high school in my country, the semibiographical "Mamita Yunai" ("Mommy United Fruit Company") by Carlos Luis Fallas, that among other things teaches exactly why is a scrip-based economy harmful for employees - namely, because it makes it effectively impossible to save up and leave the company town. One of the characters actually dies in the plantation from a work accident, to make the point more poignant.