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Yes, employees face a hardship if their employer fails. But the hardship is temporary and they are able to get a new job and replace their stream of income. The
by toasterlovin 7y ago
Yes, employees face a hardship if their employer fails. But the hardship is temporary and they are able to get a new job and replace their stream of income. The business owners, on the other hand, lose a stream of income that is fundamentally irreplaceable (since it was tied inextricably with the business). The owners are, thus, invested in a business in a way that employees are not. That doesn't mean I think that business owners are some oppressed class. I am merely pointing out why the owners have no obligation to share in the success of the company beyond the wages which are mutually agreed to.
Here's another way to put it: do you think employee pay should be reduced if a company in unprofitable?