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That looks to be an unlikely scenario, but let's indulge it. Can capitalism be pretty harsh on workers? Sure. 1-2 million people get laid off or let go every m
by wpietri 4y ago
That looks to be an unlikely scenario, but let's indulge it.
Can capitalism be pretty harsh on workers? Sure. 1-2 million people get laid off or let go every month, and it's been that way for a long time: https://fred.stlouisfed.org/series/JTSLDL https://fred.stlouisfed.org/series/JTSLDL
Does that suck? Speaking from experience, yes. Should the federal government subsidize startups and/or their funders to save a few thousand jobs? Absolutely not.
If we want to spend billions on a better social safety net, let's do it for everybody, not some unprofitable companies whose investors don't see them as worth saving.