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by philipallstar
116 days ago
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> And on the "hiring risk" point: why should that risk be shifted onto workers, who have far less power, money, and protection than firms Firms are just other people. They take on more and more risk. These days in the UK HR departments they often say you can't let someone go even in their probation period. Think how a experimental and risky a hire is, and how easy it is to quit a job that might not be any good vs how hard it is to get rid of an employee who isn't any good. |
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Firms aren't people. They are artificial constructs that we invented to solve an organizational issue a long time ago. Some aspects of natural persons were emulated in corporation law, but a lot of them aren't:
- Firms can't go to jail
- Firms don't naturally pass away
- They have their own taxation
- They can be in more than one jurisdiction at once
- There's more than one type of corporate entity.
It's just a matter of taking the right decisions regarding what rules we think are useful to society.