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Joined 1 year ago
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Cake day: September 29th, 2023

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  • Doesn’t that ultimately punish not the company, but anyone who lent money or sold material to the company? Usually assets would be liquidated to pay off creditors but if all the assets go to employees creditors don’t get paid. This really hurts all the small businesses who sold supplies or materials to the company and haven’t been paid for them yet.

    And of course, this all ignores the fact that for most companies most of their valuation is in their intellectual property, mainly their brand identity and recognition. And for manufacturing company’s, even most of the tangible assets are going to be things like factory buildings and equipment. Those things are all highly specialized so it’s very difficult to get someone else to come in and use that space to the same level of productivity. That will result in major damage to the local economy when a huge source of tax revenue and jobs suddenly disappears.

    I’m not saying all this because I think companies should get away with whatever they want. Not at all. I just want to give some context for why these “obvious solutions” aren’t being used. It’s not that the entire world is in some conspiracy. Many of these problems are legitimately very difficult to solve.




  • The article is pretty short so it’s hard to tell, but I know in other cases there can be a significant difference between whether or not you say you’re an engineer when you make these claims.

    The term engineer is effectively a trademark controlled by a state licensing board. They want to protect the word engineer so it’s clear to the public when someone is speaking as a professional licensed engineer vs not. Overall, this is a good thing and a direct response to specific and numerous very bad things that have happened in the past.

    However, this has also resulted in some very awkward situations because the word engineer has almost become a genericized trademark in that there are many people who have the word engineer in their job title but do not have or need a professional engineer’s license.

    Based on the fact the guy won the case, I’m going to assume he wasn’t substantially misrepresenting his qualifications. The headline is very sensationalized though and the article is lacking any detail, so I don’t know how relevant this little anecdote is but I find it interesting.