• UnderpantsWeevil@lemmy.world
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    3 months ago

    Industry consolidation and outsourcing reduces the local labor demand by setting monopsony rates for workers.

    This consolidation is often facilitated by legal enclosures, environmental degradation, and state subsidies/contracts for political insiders.

    So you end up with working people who lose access to primitive accumulation, while big industrial owners are able to undercut skilled tradesmen with below cost merchandise in a recessionary economy.