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If the business is not profitable when following regulations and laws on employee rights then it will dissolve unless some group is willing to fund the red ink.
by charwalker 6y ago
If the business is not profitable when following regulations and laws on employee rights then it will dissolve unless some group is willing to fund the red ink.
In this case, that long term may be self driving cars or the value of the ecosystem and install base.
But most American companies operate in ways that are extremely anti-employee and concentrate wealth at the top, if successful. Many of them could not operate in other first world nations. Could you image some employers you've had planning for team members to have an $11 hour minimum wage, up to 6 weeks of paid sick leave or up to 70% for more time, 24 days of vacation to start, 6 weeks off before giving birth and up to 8 weeks after (paid) for maternal and paternal leave, and more strictly followed regulations on worker protected classes/benefits/hours.
EX: https://www.howtogermany.com/pages/employee-rights.html https://www.howtogermany.com/pages/employee-rights.html
My employer could because they offer benefits close to much of the EU benefits package from the start, with relatively good medical/etc and minimal premiums. Could yours? Could McDonalds? Could Uber?
- yibg 6y agoIf you add enough conditions and move the hurdle higher you can always force some business to be no longer viable. If you make minimum wage $30 an hour most retail business are no longer viable. Doesn't really speak to what should happen or where the line is though. In fact having a higher burden probably benefits more established businesses over upstarts and SMBs.