2016-05-29

On layoffs

There is a certain economical logic in companies going bankrupt or being forced to do layoffs. When a company does not provide enough value anymore to society, it should release some of the resources (namely people and materials) for doing something more useful for society.

There are, of course, some pitfalls here.

When someone that is fired cannot find another job, the actual value in society is decreasing. Even premature retirement can have a similar loss effect on society if that person was still creating some value and after retirement he doesn't find something useful to do (like volunteering, helping family).