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This comment hits a nerve. I distinctly remember stories of USSR where anyone and everyone was guaranteed a job. People still remember chaos that ensued when t
by hamilyon2 4y ago
This comment hits a nerve.
I distinctly remember stories of USSR where anyone and everyone was guaranteed a job. People still remember chaos that ensued when that system failed miserably.
In retrospective, it kinda had to fail. Production, the heart of economy didn't have to listen to market forces. Market forces were banned. Nobody was laid off, but this was an illusion.
To paint even more grim picture, in the 1990ths when people were laid off, first time in their lives, suicide and drug epidemic was soaring. We need to normalize layoffs and tell people that that is going to happen anyway and not the end of the world. Companies will fail. This is normal, this is their function, fail small and protect big.