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The meterics that account for economic activity will place a very low one on labor with a very low hourly rate. AFAIK, Slaves would be categorized as capital e
by thatcat 9y ago
The meterics that account for economic activity will place a very low one on labor with a very low hourly rate.
AFAIK, Slaves would be categorized as capital expense, which is different than labor and would use a different measure for economic output.
- cglace 9y agoWho cares how you classify the expense. They are talking about what percent of goods/services in our economy come from prisoners. It's negligible. When slavery was a thing It was not negligible. It made up a good portion of the southern economy.
- thatcat 9y agoHow do you quantify the goods and services that come from prisoners? It's not like they're stamped with (made in prison), but more likely would be marketed as (made in US).