I just read this article:
American Companies Plan on Becoming Employees' Landlords by Building Company Towns
(Source at bottom)
So if they lay you off do you become homeless???
https://decodetoday.com/american-companies-building-company-towns/
13 replies (most recent on top)
There is no recession coming. No market correction. This is the new normal. Affordability is the worst it has been in generations. Some of these employees would live better in a company town than they could ever afford on their own.
They had company towns during the Great Depression. Let’s hope history doesn’t repeat itself.
I say trust me
But you say it's too much bother
Yeah, the way the man try to beat you down
Make you want to ki-l your brother
So go on and bust me
For what's in my mason jar
Yeah, I owes my soul
To the company store
How I'm doing so far?
Live in the company town.
Get paid in company scrip.
Buy your food in the company store.
You will own nothing, and you will be happy.
Right...why would you rely on your employer for more than you need to? This would be insane to me. You already are at their mercy for decent health care and sometimes that is horrible too. It is by design just like they salivate when they hear you bought a new car, or a house, they know you are more vested in the income they give you. Trust them with your housing? Forget it. Not if you have half a brain.
My rent has continued to go up and up since quarantine. And even with a huge downpayment saved, I can't even come close to affording a mortgage in an area remotely close to where I work (Dearborn).
I would hate it, but i would probably live in a Conpany Town.
I understand that they pay enough and deduct enough for rent so that you really don't have much money to live on - and certainly not enough to 'save up' so that you can get out. But that isn't that different from my life today.
What's really scary, is that I participated in a Model E meeting (I am in Ford Blue) where one of their LL4s literally suggested buying or building apartment communities near our assembly plants as a new revenue stream. So this might be closer than we think...
There was a thread started yesterday about this, but I looks like they deleted it.
Disney did it with Celebration, Florida. The place looks like a stepford wives town.
@tnz Base housing was a dump in the 3 bases I was at.
History repeats itself. Not a new concept.
I wouldn’t live in one. Reminds me of the military base housing concept.
They're called 15 minute cities and the Marxist have been talking about this for sometime. Maybe spend time reading what is going on in the world.
Tennessee Earnie Ford song: "Sixteen Tons." https://www.youtube.com/watch?v=MTCen9-RELM
This was a thing with Ford in the early 1900's.