[TorryJens]

Quote "On the contrary, an extensive social safety net with unemployment benefits, free education and healthcare, allows companies to make flexible and sensible business decisions such as job cuts and retrenchment without having to worry about their adverse social effects on employees and their families."

I am not an economist nor an owner of a business nor am I a professor in a university.
Does an company who retrenches employees really worry about this ?

That was my point exactly. Do you see any company these days worrying about how their ex-employees are going to pay the mortgage or feed the kids when they drop them in exchange for cheaper foreigners?

Where is the real issue here? Apparently according to TJS we should look toward Saatchi & Saatchi