If a wealthy person were to invest in large amounts of real estate in one specific area, rent out all of those houses so that they have a substantial amount of the population of that area living in buildings that they own. They could then evict everyone that lives in those buildings making a substantial part of the population immediately homeless without anywhere to live, this would force them to leave the area so that they could have places to live, which would close down large amounts of businesses making the town a much worse place to live, meaning that more people will be trying to leave that area, which means that they will be selling their property at much lower prices than normal and so they can now get those places for cheaper and much quicker than they otherwise would be able to they continue to do this until they own almost the entire area. They then make a contract that people will get a place to live and a very large salary if they work for the wealthy person for say 10 years, however they own all the business and so they can make it almost impossible to affordably travel anywhere else which making prices within the area that they own extremely high, causing anyone that accepts the offer and works there to not actually gain any money despite making a large salary due to the high prices. The wealthy person could essentially pay their workers substantially less than a livable wage and the workers couldn't really do anything about it as they have to work for said wealthy person for at least 10 years.
Subscribe to:
Post Comments (Atom)
Assignment 26 - Grace Barnett
One suggestion that I have for future classes is that you should maybe spend more time practicing each essay that is on the exam. I know re...
-
When Covid hit I lacked a lot of motivation to do anything. This was not uncommon for people my age as we were being kept from our friends ...
-
Annotated Bibliography for Ap Lang Rise of Suicide In Teenagers Davis Leslie, Geiger A.W.. A growing number of American teenagers – particul...
-
Freshman year I applied to two music summer programs, one was with the Colburn Conservatory of Music and the other one was with the Oberli...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.