Lately since covid has begun, there has been a high job insecurity in multiple fields , while the logical thing to do would have been improving job security laws, at least our govt( the name does not matter really) has brought laws , that gives power to the capitalists to abuse labour laws , or to fire employees more easily! I dont understand how does it even help the state or people , except the capitalists ?
Although everything you say is true, most businesses believe that it’s better to hold on to that money, just in case they “need it more” than the people that make it for them.