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You’re missing a critical point. The cost of housing the inmates is borne by the taxpayers. The profit from the labor is reaped by the corporations. It doesn’t matter how inefficient it is, all the costs are borne by taxpayers, so it’s perfect for businesses.
The cost of housing prisoners is far higher than the cost of housing the homeless. And it isn’t as though incarcerated people weren’t employed prior to arrest.
Moving a farm worker or a retail clerk to a chain gang isn’t economically efficient even discounting the moral atrocity.
It matters immensely. And you can see it in the sector growth of states with high incarceration rates.
The motivations behind this policy aren’t purely economic. A lot of it just boils down to fascist bigotry.
The cruelty isn’t a means to an end. It is the end itself.
You fantastically missed the point.
From a company’s perspective, you have rock bottom labor costs but you can sell your product at whatever price the market will bear.
You’re considering “the economy” as a single unit but it’s not. The public and private spheres have very different interests, and the private sphere is generally much more powerful.
Piecework by convicts is rarely quality
True, but the margins are still fantastic, despite the lower selling price of the goods due to lower quality.
It doesn’t need to be quality.
https://apnews.com/article/prison-to-plate-inmate-labor-investigation-c6f0eb4747963283316e494eadf08c4e#:~:text=Almost all of the country’s,hour if anything at all.
Who takes the rest? The prison.
Look up what these jobs produce and how they are remunerated.