There is no "new third way" this is the same old way used for hundreds of years. It's called wage-slave and was the typical way that companies treated workers until the late 19th and early 20th centuries. Even then, it took until the 1930s to 1950s to get any broadly rational treatment of workers, and that was only in "the West." The rest of the world? Not so much, which is why so many companies rushed to move their manufacturing "offshore" in the 1970s and beyond. To get away from those pesky laws that made them treat their employees like humans.

One more sign that the US is turning into a third-world-country.