Efficiency is a “bad deal” in a place with a very low floor of benefits / lifestyle. In economies with very high minimums, efficiency is not too bad! Would you

Efficiency is a “bad deal” in a place with a very low floor of benefits / lifestyle. In economies with very high minimums, efficiency is not too bad! Would you prefer a dynamic market with winners and losers or a stable market that’s kinda ok for a lot of people? This trade off seems pretty easy but over long periods of time the stable market starts to look like a stagnant market that may not allow new entrants to new industries, creating a permanent lagging behind the dynamic/higher-outcome-variance market. So you want some turmoil / “creative destruction”. This is why imho barriers to firing people is bad. I’d rather have the gov’t be the social safety net than the employer.