I’d agree, but outsized severance packages are one of the reasons Europe snaps out of recession slower than the US. It especially affects entry level jobs, contributing to Europe’s higher rate of youth unemployment.
Companies are afraid to go on a hiring spree when the economy picks up because they’d be assuming liability for severance if the new business venture doesn’t work out.
Best of both worlds is to make it easy to hire and fire, but ensure there’s a strong social safety net for workers caught out by a recession.
I’d have a little more sympathy if companies were actually hiring people and not doing absolutely everything in their power to not hire real employees. Restaurants refuse to pay people minimum wage, corporate jobs only hire contractors, airbnb, lyft, and Uber all claim their workers aren’t employees, and if someone sneezes and it sounds like the word union they’re gone. We can live in magical fantasy ecomnics land, or we can discuss reality. Harsh regulations need to stop these companies from shafting regular people and if they decide to hold the economy hostage like 2008 then we forcibly make the company public property
Obviously this will never happen in America but let’s stop giving them lip service and call them the greedy leeches they are, and not holy job creators who bestow the gift of a prosperous economy upon us
I’d agree, but outsized severance packages are one of the reasons Europe snaps out of recession slower than the US. It especially affects entry level jobs, contributing to Europe’s higher rate of youth unemployment.
Companies are afraid to go on a hiring spree when the economy picks up because they’d be assuming liability for severance if the new business venture doesn’t work out.
Best of both worlds is to make it easy to hire and fire, but ensure there’s a strong social safety net for workers caught out by a recession.
I’d have a little more sympathy if companies were actually hiring people and not doing absolutely everything in their power to not hire real employees. Restaurants refuse to pay people minimum wage, corporate jobs only hire contractors, airbnb, lyft, and Uber all claim their workers aren’t employees, and if someone sneezes and it sounds like the word union they’re gone. We can live in magical fantasy ecomnics land, or we can discuss reality. Harsh regulations need to stop these companies from shafting regular people and if they decide to hold the economy hostage like 2008 then we forcibly make the company public property
Obviously this will never happen in America but let’s stop giving them lip service and call them the greedy leeches they are, and not holy job creators who bestow the gift of a prosperous economy upon us
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