{ "media_type": "text", "post_content": "This country needs labor laws that actually protect workers is when time like this comes, average folks like us don't have to worry to sick about layoffs.", "post_id": "5e76b373acdc5a001b8dbc14", "reply_count": 23, "vote_count": 24, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

This country needs labor laws that actually protect workers is when time like this comes, average folks like us don't have to worry to sick about layoffs.

likesmartfunny
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The tradeoffs of labor laws like that are lower salaries, higher unemployement (e.g., less jobs), slower economic growth, etc. The world doesn't need another Europe

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EY4 is that a picture of you?

In that case this country needs an entrepreneurship law that protect business owners who are risking their capital to bring jobs to the market too. Small business owners are losing more than the employees now.

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If the Fed didn’t print money at will and we didn’t allow corporate business to borrow insane amounts of money the highs to lows would be less dramatic. What you’re seeing is an unraveling of debt and overexposure to low ROI business opportunities. Own scarce assets.

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My friends in other countries just couldn't believe we don't have employment contracts here unless you are senior executives...)

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Wait what do you mean? What country?

Full time employment is also much harder to find in Europe as employers know how hard and expensive it is to let someone go (even if incompetent). Almost everyone is technically a contract worker until they are 27/28.

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Same, my parents back home won’t believe me how easy it is for firms to fire workers here regardless of your level

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My clients would have a different opinion from OP.

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I agree protections would be nice and more solid contracts. But I also recognize doing that does make it harder to do hiring in general and can limit job movement and economic growth. It’s a catch 22. When the market crashes someone loses (often everyone). So you’re really just choosing who carries the burden more - employees, businesses (which will disproportionately include small and medium businesses which would collapse if they had to keep employees in a time like this), or taxpayers

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