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by schrototo
3012 days ago
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Why is there a need to reconcile? Worker’s rights trump ROI. If you can’t run a profitable company without discriminating against and exploiting your workers, you shouldn’t run a company at all. Also, look towards more socialist countries (e.g. Germany), for practical strategies to keep making money while at the same time ensuring people don’t get exploited. Hint: empowering workers, letting them unionize and collectively bargain, treating them as humans rather than “Human Resources”, will not actually significantly decrease your ROI. |
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http://ec.europa.eu/epsc/publications/strategic-notes/future...
https://www.nytimes.com/2017/12/11/business/europe-labor-rig...
I admit that the social protections in those countries generally means that the shift to contractor work is less likely to affect things like cost of healthcare, retirement, etc.
Some big US tech companies might be zombies (IBM, HP), but with our less restrictive labor laws and emphasis on entrepreneurship they have been replaced with new giants (Google, Facebook, etc.)
This did not happen in the tech sector in Europe, the giants fell, Bull, Nokia, etc. and nothing rose up to their size outside of the banking sector. Part of the reason may have been that the overall environment was not flexible enough to allow new entrants, among many other factors. SAP remains strong, but I can't think of another pure software/IT company in Europe of that size or market position.