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If an average person were laid off today and couldn't find a job for 1-2 months, would they go bankrupt? I think most people would be able to survive on their s
by dingo_bat 6y ago
If an average person were laid off today and couldn't find a job for 1-2 months, would they go bankrupt? I think most people would be able to survive on their savings for a month or two. Companies should also be held to the same standard. They should have enough savings to survive this sort of disruption, just like a person would.
So yeah, if your company can't survive a month without revenue, it is a crappier than average business.
- curiousgal 6y agoThat is a gross oversimplification. They are a huge multinational, even if they had saved their entire net income of over a billion euros it would not have been enough.
- MattGaiser 6y ago> I think most people would be able to survive on their savings for a month or two. I think that is optimistic... https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.html https://www.cnbc.com/2019/01/23/most-americans-dont-have-the... They wouldn't go bankrupt, but surviving would require taking on debt.
- umanwizard 6y agoSo unemployment insurance for people shouldn't exist?
- intended 6y agoSimple comparisons of companies to people is a world we long since left behind and are not really valid or useful except in very general rough senses.