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> Workers aren't systematically unable to get their final paycheck in most other western countries. How is a one-off event systematic? This is a chapter 7 bank
by smokeyj 9y ago
> Workers aren't systematically unable to get their final paycheck in most other western countries.
How is a one-off event systematic? This is a chapter 7 bankruptcy. The employees become creditors and participate in the liquidation. If the founders were using bankruptcy intentionally to not pay wages then it becomes a matter for the department of labor. All these employees are eligible to collect unemployment in the state they're employed.
These guys spectacularly crashed and burned for this to happen. Starbucks wouldn't file a chapter 7, they'd restructure and wages wouldn't be effected. If you want judge the entire US economy from this article and draw parallels about how this makes Americans and Europeans fundamentally different then you're painting with too broad of a brush.