It's happening, our government is helping, and it's disturbing as hell.
Yes, the one percent will lower our wages the way GE is doing, but the stage is being set to make billions on slave labor by imprisoning more and more Americans:
Money is the incentive. Money is the incentive. Money is the incentive. The explosive financial growth of the for-profit prison industry makes more and more sense when you realize it is/will be the source of dirt cheap slave labor stripped of the right to resist:
LOOK AT THIS: Financial growth of the private prison industry.

And the stage is being set for it to grow. Our government is building a police state: more prosecution of low-level crimes, militarized and dehumanizing police forces, and a growing list of possible reasons to send people to prison:
Obama administration cracks down on marijuana
http://www.democraticunderground.com/1002431492
Obama administration pushes for drug testing in the workplace
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=581317
USA's new massive spy center to collect phone/email data on every American
http://www.democraticunderground.com/1002451455
New legislation will make it legal for government, corporations to monitor all online communication deemed threatening to national security (vague wording)
http://www.democraticunderground.com/1002527898
Obama administration argues for strip searches for all at Supreme Court; prevails
http://www.democraticunderground.com/1002521527
Obama's proposed 2013 budget includes huge increases in prison funding
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=430756