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There's often (though not always) some size cutoffs in various benefit requirements for small businesses to relax the rules a bit. Such as 50 employees for the
by unishark 7y ago
There's often (though not always) some size cutoffs in various benefit requirements for small businesses to relax the rules a bit. Such as 50 employees for the ACA I believe.
But I agree, people act like the economy is nothing but fortune 500 megacorps and push for laws that make it harder for everyone to survive except for such businesses and their employees.
And people always miss the hidden cost, even when talking about the fatcats. If you require companies to provide a year of severance, then everyone just gets paid (n-1)/n as much on average, where n is the average number of years an employee is expected to stay.
- happyraul 7y agoI've heard the difference between European safety nets/regulations and US systems described as "freedom to" vs "freedom from". If we accept your premise, that the hidden cost of regulating severance is a decline in salary, this fits the above difference. In the US, you have the "freedom to" be as irresponsible as you want, living at or beyond your means, but if you're laid off, you bear the responsibility of dealing with the consequences. In Europe, you have the "freedom from" having to worry about that situation, since the safety net will provide some time for you to get back on your feet, and the price was a lower salary (in effect, forced savings).