If businesses were like marriages

“In an ‘at will’ employment arrangement between a corporation and an employee, either party can terminate the contract at any time. However, instead of a few weeks of severance, imagine what would happen if the employer was legally required to pay the employee half of his or her paycheck for 20 additional years, irrespective of anything the employee did or did not do, under penalty of imprisonment for the CEO. Suppose, additionally, that it is culturally encouraged for an employee to do this whenever even minor dissatisfaction arises. Would businesses be able to operate? Would anyone want to be a CEO? Would businesses even form, and thus would any wealth be created, given the risks associated with hiring an employee?”

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