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by lishzen 3167 days ago
If corporations are suddenly liberated from labor regulations they are not going to reverse their decisions and sell the robots to employ more people or make part-time employees full-time. Cost cutting is a war of multiple fronts.

Labor regulation has the same effect as taxes, the money just doesn't go through the government. Higher taxes and no labor regulation would have similar consequences in corporate profit-seeking decisions, because corporations are the ones paying most taxes anyway.

Besides, there is no clean separation between government and corporations, I think it is improbable that taxes are raised after getting rid of labor regulations.

1 comments

>Labor regulation has the same effect as taxes

Not really: taxes are percentage-based. They turn profitable transactions into marginally less profitable transactions, but stop at zero. Minimum wages and benefits set an absolute floor below which the transaction is not worthwhile.

Even if you're not upset about the loss of low-paying jobs (and that's fair), if we think everyone deserves something, getting it should not depend on finding a job.