Prisoner wages are the cheapest

The hint was extremely obvious; with just a little bit of thought, one could figure it out. It was practically handing everyone the standard answer.

The crowd answered in unison: "Prisoners."

"Prisoners in jail."

"Exactly, it's those prisoners currently serving their sentences in jail." Wang Xiuyuan snapped his fingers and continued, "Right now, no matter what kind of company you run, you can't escape one specific expense: human resource costs."

"That is to say, the employee wages we talk about and the expenses of buying insurance for employees and their families—this is a very large expenditure."

"I'm sure everyone sitting here is very clear on this point, right?"

American companies hire employees using several salary structures: annual, monthly, weekly, and daily.

Only high-level elite talents are qualified for an annual salary; generally, only mid-to-high-level managers and senior technical personnel in a company can enjoy the treatment of an annual salary.

White-collar workers, ordinary technical positions, grassroots management, and regular employees generally receive monthly salaries. Positions that can earn monthly or annual salaries are usually those that the company needs for the long term.

According to American labor laws, employer enterprises must pay Federal Social Security Tax (Social Security), Federal Medicare Tax (Medicare), State Unemployment Insurance, and commercial health insurance for formal employees on monthly or annual salaries every month. Additionally, they must purchase family medical insurance for their families.

On average, eighty percent of these five expenses are borne by the enterprise, while the remaining twenty percent is borne by the employee.

For a formal employee with a monthly salary of five thousand, the enterprise has to spend nearly fifteen hundred dollars every month just to buy various types of insurance for that employee, which accounts for thirty percent of their monthly salary.

In other words, to hire an employee with a monthly salary of five thousand dollars, the actual hiring cost for the enterprise is sixty-five hundred dollars.

However, if the enterprise does not buy commercial health insurance for the employee, then the enterprise can save seven hundred and fifty dollars in expenses on that employee every month.

Therefore, to save on expenses, American companies began to hire large numbers of temporary workers after studying American labor laws thoroughly.

That's right, temporary workers.

There are loads of temporary workers in various American companies; those employees who receive weekly and daily wages are all temporary workers.

However, there is a small restriction on hiring temporary workers: the normal working time limit for a week is forty hours. Any part exceeding forty hours must be paid as overtime at 1.5 times the normal wage.

Since companies have started hiring temporary workers to make money and save on personnel costs, how could they possibly be willing to pay expensive overtime fees?

So, American capitalists strictly forbid temporary employees from working overtime. When there's a lot of work, they just hire a few more temporary workers; once the busy period is over, they simply lay them off.

In any case, America doesn't have such a thing as severance pay.

This isn't Huaxia; if you want severance pay, go work in Huaxia. Capitalist society doesn't indulge such bad habits.

After this bit of guidance from Wang Xiuyuan, everyone present immediately understood what he meant. To save on personnel costs, were there any employees cheaper than prisoners?

It was impossible. Unless the world still allowed them to buy large numbers of black slaves to come and work, they absolutely wouldn't find employees cheaper than prisoners.

"Right! We can open a manufacturing factory and then cooperate with prisons to hire prisoners to work for us. We won't have to buy any insurance, and the wages will be terrifyingly low."

"Exactly, we just need to share some benefits with the prison administrators and the politicians in the state and city where the prison is located."

"Yes, that's it! This business can definitely make a fortune. Our human resource costs will be more than twice as low as others, which means our products can be sold much cheaper than theirs."

"Consumers will vote with their feet; for the same quality, they'll buy whichever is cheaper. That will be our company's moat."

They instantly thought of many businesses they could do, all related to production, and everyone was jumping for joy.

Just as everyone was incredibly excited, Wang Xiuyuan suddenly let out such a sentence.

"Everyone, I don't mean anything else, but are you really sure you are the descendants of capitalists?"

The scene immediately went silent. Everyone looked at Wang Xiuyuan with faces full of anger because his words were simply too much.

Facing this situation where a violent conflict could erupt at any moment, Wang Xiuyuan didn't panic in the slightest. He continued slowly and methodically:

"I'm not doubting your lineage; I'm questioning your way of thinking."

"Aren't you people a bit too kind?"

"As a group of evil, damned, vampire-like capitalists in the eyes of the common people, we should use any means necessary to earn every cent of profit."

"Even if a pile of withered bones were placed before us, we capitalists must think of every possible way to squeeze the last drop of oil out of them."

"Otherwise, why should we be called capitalists?"

"With your way of doing business, with your soft-hearted, pathetic appearance, are you even fit to be evil capitalists?"

"Go change careers and do charity!"

There is no greater insult in life than this.

A descendant of vampire-like capitalists was actually being pointed at and scolded for being too kind and better suited for a career change to philanthropy.

The group of capitalist descendants was so humiliated by Wang Xiuyuan that they didn't know how to talk back; they could only take a deep breath and stare at the ceiling in speechless frustration.

Wang Xiuyuan waved his hand: "Everyone is penalized one bottle of beer. Once you've finished this bottle, I'll properly teach you how to become an excellent capitalist. Move faster."

This was practically a cold joke. If the parents and elders of these capitalist descendants saw this scene, they would probably be so angry they'd laugh.

When a person is angry to the extreme, they really can laugh.

Everyone silently pried open a bottle of beer and drank it in one go.

"You were all discussing just now that we could cooperate with prisons to set up some manufacturing factories to produce goods and hire those prisoners as cheap labor."

"This is indeed a good way, but in my view, it's not good enough because there are too many steps and people involved in the middle."

"With every additional step, another group of people will take money from it, and our profits will become smaller."

"So, the first thing we need to do is cut out as many useless steps as possible, and then turn some of the steps that originally required paying out money every year into a one-time expense."

"That way, wouldn't the money we can earn increase?"

At this point, Gluck Dupont said with pleasant surprise, "So you mean we don't cooperate with prisons; we just open a prison ourselves and then get those prisoners to serve their sentences in our prison?"

This was indeed a good idea, but Sanchez Roosevelt had a different opinion after hearing it.