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by projectazorian 1252 days ago
> If the evidence suggested that periodic layoffs are good for company longevity and profit margins, you can bet that none of these academics would shout it from the rooftops.

Have you ever taken an economics class? Plenty of economists take a perverse glee in claiming that things like the minimum wage and child labor laws are detrimental, I don’t think that “sometimes layoffs are good” is a taboo point.

And that’s before we get into discussing business school professors…

1 comments

I'm not saying it's taboo to the point of not being discussed at all, but when have you last seen anyone come out strongly against child labor laws in some news outlet? It may well be true that child labor laws can effectively worsen the situation of children in third world countries, regardless of how good the intentions of the lawmakers are. Minimum wage laws do price out the lowest-value workers from the job market - whether that's a net detriment to society or any individual is debatable, of course. As for the "perverse glee" that you see, it's probably the satisfaction you may get from disabusing others of their foolish idealism.