Economics of Slavery

[Anonymous No.29055576]

If labor is such a significant cost for any enterprise, how was slavery profitable? You're not paying them, but you are buying/feeding/housing/caring for them. It doesn't seem possible to compete with any other economic system

[Anonymous No.29057141]

>>29055576
Bruh, when you pay wagies you are paying them enough for their food/housing/etc. You even have to pay them extra so they can buy Nintendo Switches.

[Anonymous No.29057176]

easier to pay them shit and go, welcome to modern day wagie slavery. 1/3 of your life + another 1/3 sleeping, rest is yours to spend your shitty wage. please consume so goy money goes up again

[Anonymous No.29057660]

>>29057141
>>29057176
The overall costs of a slave must have been lower than paying for a modern employee. At best equiv to minimum US wage, yeah?

[Anonymous No.29057841]

>>29055576
Labor is expensive, slaves work for “free”. It’s much cheaper to have a slave than an employee.

[Anonymous No.29058528]

>>29057841
The "free" in quotation marks is the key thing though. There's still a significant cost to keeping human labor, including paying overseers to keep them owned.

[Anonymous No.29058569]

>>29057660
Chattel slavery was cheap as fuck compared to paying wagies. It was one of the reasons the civil war was fought. Northern wagies didn't want to compete with slave labor in mines and farms as america expanded westward. Northern wagies were complaining about slaves in silver mines out west being like "dey took r jobs!!"

[Anonymous No.29058950]

>>29058569
That's a new line of reasoning to me. Why weren't there more slavery operations in the North if it was such an economical system? Purely distaste from the political class?

[Anonymous No.29059303]

>>29055576
>how was slavery profitable?
it wasn't until the cotton gin made it profitable.
what the fuck are they teaching in schools these days?

[Anonymous No.29060714]

>>29058950
Slavery works when the workforce is largely interchangeable, the processes and outputs are visible and trackable so sabotage can be limited, and where the workforce has little hope of escape. See current use of Filipino and Pakistani building workers in the UAE

>>29058528
A 20 year old male slave in the antebellum South generally cost as much as a top end Mercedes to buy. Maintenance costs were a relatively small part of the equation. The difficulty for the Southern planters was getting workers who would stay on the job, rather than bailing as soon as they saw a paycheck. See the early years of mill work in England for contrast: the whole temperance culture of the Protestants came from the mill owners watching their "free" workers get pissed from Friday through Tuesday, and getting only 3 days work out of them.