Somebody is paying that price. If it's companies they are disincentivized to employ people in your market. If companies go somewhere else to employ people, jobs disappear from your market. If the jobs disappear, so does the money.
Labor protection does not "cost money". It is a limit on the degree to which workers can be exploited.
>If companies go somewhere else to employ people, jobs disappear from your market.
Does this actually happen anywhere in the usual suspect countries? Doesn't seem to be. Quite the opposite -- they all import workers, because the actual pain point right now is pension fund deficit with the ration of retired to working being skewed.
This is the result of relying too much on politics. If parents where to ask their children to pay for their expensive retirement benefits directly, most who tell them to fuck off, rightfully so. But since politicians have placed a level of indirection in between, it's not the responsibility of anyone yet everyone pays for it.
Socialist systems have a way of self-destructing after a while because nobody ends up being accountable for anything. Currently the politicians are good scapegoats but really the people who put those politicians in place bear as much responsibility.
If it had been about their own money, things wouldn't have turned out this way. Funnily enough since most people don't trust governments that much, they have double dipped, saving on top of retirement benefits and "investing" in real estate that they now rent at a high price to their children. This has created an obscenely well-off generation, that is now voting for immigration in order to keep their obscene retirement benefits, furthermore fucking their children.
