Thanks for asking. That was a little unclear. I’m imagining a world without the worker protections. The employers have to compete for workers on the margins workers care about, not forced to have some protection from firing as a major component of the compensation package.
"At the same time, you induce competition among employers to hire these workers."
How so?
Would this work when no one was hiring circa 2008?
Wouldn't it also be politically unpalatable? (the idea of paying people just sitting at home aka welfare)
Thanks for asking. That was a little unclear. I’m imagining a world without the worker protections. The employers have to compete for workers on the margins workers care about, not forced to have some protection from firing as a major component of the compensation package.