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My father in law ran a decent electrians business and the employees unionized and the costs destroyed his business. He ended up returning to be a tradesman desp
by dmix 2y ago
My father in law ran a decent electrians business and the employees unionized and the costs destroyed his business. He ended up returning to be a tradesman despite being in his 50s as he took debt to keep it afloat and the employees now work non-unionized at the only other electrician business in town with a worse boss (according to friends I know in town disconnected from the drama). That's usually the most common disaster.
- vkou 2y agoIf a business is 'destroyed' by rising prices of its inputs, we generally don't blame the vendors. Cost of labour went up, it's up to the business to adapt.
- burnerthrow008 2y agoSounds like it did adapt. It did the rational thing of ceasing to exist (taking all the jobs with it).
- vkou 2y agoAnd unless people in that town stopped using electricity, all of those jobs didn't disappear, they were recreated at the next shop over. I doubt the uncle in this story was John Galt, or some other fantasy superhero.
- dmix 2y agoHe literally took loans to try to adapt but the economics and large administrative burden didn't make sense.