In any case anyone wants to read about a EU perspective: Over here in Germany the "trick" of doing an asset deal to get rid of employees (and any benefits they may have earned over time) is very risky, and can fire back massively. It's not a black-and-white thing, but the labor courts have check-lists: - Are people at the new company work on the same tasks as they did in the old one? - Are people at the new company s…
Super informative. I must reveal my bias toward a free market here, but I also remember keenly what it was like to be a powerless employee. Germany appears to have by far the strongest economy in the EU but with higher unemployment than the USA. I’d love to hear your thoughts on the balance there vs the USA? I can imagine compelling arguments for each approach.
Whereas in a stronger economy with employment laws protecting employees it'd be much more possible for a family to live comfortably off a single income, making for a lot more "unemployed" adults.