4 ms·
> If we want this to change then we need to have our governments have better layoff protections in place, like mandatory severance or notice periods. But then
by matwood 3y ago
> If we want this to change then we need to have our governments have better layoff protections in place, like mandatory severance or notice periods.
But then you push companies in the exact opposite direction than you say you want them to go. If it's harder to do layoffs, companies will take less risks that require hiring.
- dangus 3y agoYou're right, but remember that I was speaking from the corporations' perspective. They can make more money by taking more risks, but at some point larger society has to weigh corporate profitability against societal well-being. For example, a factory could make more money if it dumped its pollutants into a river rather than paying extra to dispose them properly. That difference in incentives between greater society versus the individual business is why we have the EPA. Basically, the intention of my last comment was to answer the common question that might be asked of: "Wow, this company laid off so many people, what were they thinking? Maybe they should plan ahead next time?" And the answer to that is usually "yes they planned for this scenario and they're perfectly okay with having a layoff."
- sieabahlpark 3y ago[dead]