If companies were allowed to pay prison labor less than minimum wage - let's say $6 p/hour (for example), but the prisoners were allowed to keep 1/2 of that money for when they got out, there may be some middle ground where a win-win may be found.
Maybe teaching prisoners skills for when they got out would be helpful to society in general. Maybe the prisoners having to spend 50% of their income on room and board would reduce the taxpayers burden on the system. Maybe the people who get out with earnings in their account would not be so desperate, and would be less likely to turn back to crime. Who knows...
All that is certain is, the way the "for-profit-corporate-run-prison-system" is set up now, is not acceptable.
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