Company towns are a thing that have existed in the past, and the results are very well documented. It's similar to company scrip (a thing Facebook tried to rei

Company towns are a thing that have existed in the past, and the results are very well documented. It's similar to company scrip (a thing Facebook tried to reintroduce a few years back), and in fact the two concepts support each other. The net effect of both is to give the company extraordinary control of the lives of its employees beyond the time they're actually at work, and that power lets them functionally reduce compensation, and limit the freedom to work elsewhere (you can't get a new job without also moving, but it's also been made difficult to live outside of the company town while working for the company, etc).