This person:
https://i.ebayimg.com/images/g/2ewAA...A27/s-l300.jpg
is not this person:
https://upload.wikimedia.org/wikiped...ie_Sanders.jpg
Socialism has mostly worked for the Nordic countries and most of Europe. It can only work in small, homogeneous societies. We aren't that. And it's starting to be under intense pressure there because they are all slowly becoming medium to large, non-homogeneous societies.
People would work under even those conditions you list because they still have to put food on the table, a roof over their heads, and pay other bills. Businesses know this, you should by now, too.