"Unemployment is profitable for the bosses because it drives down the wages of workers and helps the employers to keep the workforce under control through this “reserve army of labor,” which are allegedly always ready to scab. Because of pervasive discrimination against Blacks, Latinos and other nationally oppressed workers, including higher levels unemployment — the jobs they do get are generally on the bottom rung. This is also profitable for the boss, and divides the working class."
January 1, 1970
https://en.wikiquote.org/wiki/Lorenzo_Kom'boa_Ervin