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>the salary to be offered is reduced to cover the estimated current value of the future employee protections.

This is a fallacy. Companies will pay employees as little as possible. Why would they pay you more just because employee protections were removed?

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Competition? If everyone is paying an extra 20% in overhead, then that’s an extra 20% they can’t put down as competing bids for the resource in question

And vice versa… if multiple companies want that resource.. they all have 20% more to bid with

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