Quote from PiggyBank:
^ That isn't corporate raiding.
Let's go over what employment is. A producer of goods or services (aka an employer) often needs help providing said goods or services to consumers. To fill this necessity they offer jobs to potential employees. This job is essentially a contract between employee and employer which provides specific tasks to the employee in return for specific compensation from the employer. This is in no way exploitation, it's a deal between two willing parties, and as long as both sides need eachother and fulfill their obligations, the deal will continue.
If that job is no longer necessary, or can be done for less cost, then it will be cut as the employer no longer requires the services of it's employee. If the employee finds another job which offers them more desirable compensation, then they will take the new job. If you expect an employer to cost itself more by paying higher wages than its competitors for similar employment, or for them to sink the whole company (of which they may be personally liable) out of loyalty to their workforce, you're a fool, because that is in no way beneficial to the employer.
No one is entitled to their job, they should be grateful for the opportunity. If they feel mistreated they should seek employment elsewhere. If they ARE being mistreated (ie. the employer is not living up to their end of the deal) they can bring the employer to court.
What you describe no doubt is the most economically efficient system. As a conservative, I see economic efficiency as an important goal, but it is not a religion. There are other things to consider.
The most obvious is what happens to workers who get fired or laid off later in life? People who put in 25 years on a production line or some such soul-numbing work. What are they supposed to do Get a job at Starbucks as a barrista? Many of these people will never get another job and will end up being more or less permanently on welfare.
I see that as an external cost of the company's employment policy. We don't let them dump raw waste into a river, because it's not fair that someone else have to pay the cost of the cleanup. Is it fair for them to be able to dump their longtime employees on us?
Of course, this very concern is why workers join unions. But havng to deal with a union is very disruptive and economically inefficient. I think we would be better off with less unions and some more rules about arbitrary layoffs and redundancy benefits.