It means you don't have a viable business plan lol
If you can't cover any other cost of doing business, it's "aw shucks that's unfortunate, this is why most businesses go under, better luck next time." But if you can't cover payroll it's supposed to be different?
Im still processing this. California is a corporatized hell scape. And when large companies can write laws that give them the advantage they will. Creating sudden up front costs is a way larger companies can edge out smaller competitors.
Fair enough. But California is a large place with diverse economic situations. And Id hate for every restaurant to be McDonald's. so i guess my concern will come out in the wash. we'll see if this creates a greater monopoly eventually. Also im a small business owner.
But is that what we're doing? Having business owner foot the bill for workers comp is more of the same. We do that already and the actual solution is to have the state perform that function. This solution just cuts out people that cant afford the new regulation. Leaving the large player who can afford it. Furthering wealth disparity.