No, this article gets its core premise wrong: labor laws are not the main issue. The issue is that if I wanted to found a new company, I'd be confronted with lots very strict regulations with lots of implications and induced overhead. The list is too long for a HN comment.
It's not impossible to overcome, but it is an added commitment for any new company. Founding is not very attractive and that's why we don't get that many crazy wild bets here (Tesla was one initially too).
It's not impossible to overcome, but it is an added commitment for any new company. Founding is not very attractive and that's why we don't get that many crazy wild bets here (Tesla was one initially too).