| whatever said: I guess we should throw out the 40 hour work week, vacation, and sick pay. Just get rid of all these worker's rights that are a hinderance to large corporations. |
Do you think that the vast majority of individuals would work more than a 40 hour work week, would not receive vacation, or would not get sick-leave if the government didn't mandate it?
Much like the minimum wage, most of the time these kinds of regulations are put in place or revised it is done at a level where the vast majority of employers are already exceeding the regulation; and most of the employers who fall short of the regulation maintain their cost structure by eliminating jobs. Essentially, compare the mandated wages and benefits within countries to the wages and benefits of the top 90% of employees; and then look at the unemployment rate (in particular the unemployment rate of the young) in jurisdictions where these mandated wages and benefits are competitive with the top 90% of employees. What you will find is that few people get these minimums, and those that do simply lose their job when the minimum is increased.
