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Updated: April 30, 2025
While he keeps the job-holder on his payroll, he may pay him impossibly low wages and overwork him under conditions that are unfit for the maintenance of decent human life. Barring the factory laws and the health laws, he is at liberty to impose on the job-holder any form of treatment that the job-holder will tolerate. There is no limit to the amount of industrial property that one man may own.
The slave owner must feed, clothe and house his slave otherwise he lost his property. The Feudal lord must protect and assist his tenant. That was a part of his bargain with his overlord. The modern job-owner is at liberty, at any time, to "discharge" the job-holder, and by throwing him out of work take away his chance of earning a living.
The job-holder has been taught that he must "get ahead" in the world; that if he practices the economic virtues, thrift, honesty, earnestness, persistence, efficiency he will necessarily receive great economic reward; that he must support his family on the standard set by the community, and that to do all of these essential things, he must take a job and hold on to it.
Always, the product, like the machinery, is the possession of the owning class. While industry was competitive, the pressure of competition kept prices at a cost level, and the exploiting power of the owner was confined to the job-holder.
Thus job-owning, based upon an automatic self-drive principle, enables the job-owner to exact a return in faithful service that neither slavery nor serfdom ever made possible. Job-owning is thus the most thorough-going form of mastery yet devised by the ingenuity of man. Unlike the slave owner and the Feudal lord the modern job-owner has no responsibility to the job-holder.
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