4 ms·
No one owes anyone else a viable business. If it is not viable in current market conditions then the business owners have to adapt or shut up shop. Tough bickie
by verve_rat 4y ago
No one owes anyone else a viable business. If it is not viable in current market conditions then the business owners have to adapt or shut up shop. Tough bickies.
- ineedasername 4y agoI agree no one is owed, and I hope the tone of my post did not imply otherwise: it wasn't my intention. But there are negative consequences to those failures of a business that bleed over into other areas, impacting businesses that may otherwise have been healthy, or bleed to the economy as a whole. In that way, it's less about what is or isn't owed to a business and more about whether external actions could be taken that keep the entire system from weakening. Take baby formula: Abbot isn't owed a functional formula plant, or government assistance to bring one back online, but not having it online impacts hundreds of thousand of babies, specifically those with special nutritional needs. Abbot screwed up an doesn't deserve tax payer money or special considerations or stop gap measures, not in the narrow sense of getting it's business in order. Bt the alternative hurts people in a very immediate & real sense. External intervention is less about helping the business and more about saving the health of many thousands of babies. That, however, is a much different circumstance than the labor shortage. I just offer it as an example where what's "owed" is not the only and maybe not even the primary issue. In the labor shortage though I just don't see a clear external action that could save collateral damage. There are no good solutions.