Isn't that part of the job of being in top management? Being paid millions of bucks for your skills that should tell what your business need?
If the signs are showing that you might need to fire people, you need to think and work for that: set enough money aside to pay for severance and/or buy-outs, not just decide "oh shit, I can't pay them, and I can't pay what is needed for me to fire them", that's just incompetence.
The way you present this is like business leaders are victims that were helpless on forecasting what their businesses need, which is exactly their fucking job to do.
If the business fails, the owners will have to use their assets to adequately compensate the employees according to what they are owed, and the employees are free to find another job.
Let's not mince words here - if the business fails it was because of the incompetence of those managing it, and it would fail whether or not it was treating employees unfairly. I won't accept this as an excuse to erode labor rights.
Moreover, what weak-ass crybaby rhetoric is that now? I always hear that business owners should earn more because they take risks. Failing is a very real possibility when you take risks. If you don't want to take risks just don't start a business.
Actually it’s everybody’s problem, since job inflexibility is one of the reasons why Europe is so poor compared to other first world countries.
Who exactly benefits from a business going under? Its bigger competitors? The less well off are the ones that suffer the most from oligarchic sectors and cartels.
Many of those countries have smaller populations and economies than American cities. The EU as a whole has less than half the GDP per capita than the USA.
> Actually it’s everybody’s problem, since job inflexibility is one of the reasons why Europe is so poor compared to other first world countries.
Except it is not. I chose to live in the EU when I had the option to move to the US, and it is fine.
Unless your measurement of "being poor" is that you can't exploit people in a get rich quick scheme and make destructive amounts of money but being acquired or dumping your IPO in the stock market.
We are talking here about businesses with say 10 employees that go through dire straits and can’t fire people to survive. The only solution is to close down and lay EVERYONE off. IPO? Get rich quick scheme? Why is hyperbole the only response to this actual issue?
>Europe is so poor compared to other first world countries.
is it?
>Who exactly benefits from a business going under? Its bigger competitors? The less well off are the ones that suffer the most from oligarchic sectors and cartels.
The big thing going under right now is legacy auto manufacturers in Germany. That's sad, but the same happened in US without all the labor protections. It's just a lifecycle of industries -- they got fat and comfortable.
The way German manufacturers managed to outlive US ones while having stronger labor laws seems to contradict you story big time.
If your business can't afford to fire people it probably shouldn't be hiring too.