B.S. There are so many American businesses which claim to be 'hanging on by a thread' even though the owner drives around in an expensive car, owns several expensive houses, and has has a wad of cash 1 inch thick in his wallet. Tougher labor laws are needed in America. With tougher labor laws, maybe businesses will become more robust and won't whine that they are on the threshold of going out of business.
A.C. by design.
I don't think you understand how capitalism work. Basically, the people who put the capital to fund a business venture own it, and people who don't risk their own money but merely work on an hourly or weekly basis are paid wages. If the business doesn't succeed, the investors lose their stake in it, but that doesn't mean they have to sell their kidneys on the black market to finance it further. The company has to sustain itself; its entire purpose is to generate profit, not to provide employment opportunities to citizen.
Labor laws are there to ensure that wages are paid and that workers are treated fairly, but when it's all said and done, the risk taker in this situation is the owner, not the employee. In countries like France they lost track of this because for centuries they've been sucking up the resources of their colonies and this led them to develop a huge culture of entitlement. They will learn.