Are those employees of companies whose business model is "driving artists out of business by large-scale copyright infringement and automated drawing based on it?", for example?
That looks to be an unlikely scenario, but let's indulge it.
Can capitalism be pretty harsh on workers? Sure. 1-2 million people get laid off or let go every month, and it's been that way for a long time: https://fred.stlouisfed.org/series/JTSLDL
Does that suck? Speaking from experience, yes. Should the federal government subsidize startups and/or their funders to save a few thousand jobs? Absolutely not.
If we want to spend billions on a better social safety net, let's do it for everybody, not some unprofitable companies whose investors don't see them as worth saving.
Normally I'd think that an unfair point. We can't generally expect workers to evaluate the financial soundness of their employers. But we are talking about startups here. Everybody going in knows that most startups fail. Hopefully everybody has an exit plan.
Because it's a problem requiring graduate-level finance knowledge? Because it's so difficult that even the professionals find it challenging? Because the companies that go under were often working to hide that even from other sophisticated players?
If you think you can reliably tell the financial soundness of companies, don't post here about it. Go trade their stocks. You'll either make a mint or you'll have a very valuable lesson.
