Quote:
Originally Posted by BlackCrayon
there are lots of environmental, workplace safety and minimum wage laws but are there any laws that would stop a company from suddenly firing everyone and then rehiring other people who will work for half the wage?
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I don't think there is a law like that...but we do live in a free society. I would guess that if a person owned a company and did that he would have the freedom to do so.
But first he would have to be paying his current employees at least twice the minimum wage in order to hire people at half that price.
And if he were going to fire his entire workforce it would by necessity have to be an unskilled labor force to begin with (since training new workers for a skilled job would be too cost intensive).
And if it's an unskilled labor force (like Walmart for instance)...they wouldn't be paying them twice the minimum wage to begin with so they wouldn't have any reason to fire all of them to get people for half the money because it wouldn't be possible.