Have we screwed ourselves back into slavery?
Supply and demand determines price, yes? What will an oversupply of humans do to wages?
Add to that the trends in the globalised economy of jobs going to where labour is cheapest, and I see the demise of collective (and individual) bargaining for wages and conditions for all but a tiny minority.
Is this the end of Western Civilisation with its well paid, mostly white, middle class? Will this class devolve into "white trash" working for a pittance?
Will the world descend into a new form of slavery overseen by a new form of feudalism where the "lords" are the CEOs and senior managers of the transnational megacorporations?
Am I too pessimistic?