Compliance does need to be considered. The company I work for is trying extremely hard to comply, but because of complexities and ambiguities in the law, it is difficult to find out how to comply. I don't know all the details, but I know legal, compliance, and the data engineering teams spend a lot of time figuring out how to be compliant and there aren't always clear answers.
That said, the solution is not to roll back protections but to be very explicit about how to comply.
Yeah thats bullshit. Sure labor has value and you can't pay more than you can afford. But what that job is worth is not what this guy is paying. He wants the cheapest labor and is deciding what the labor is worth based on the lowest price anyone in the world is willing to accept. He's right that "it's just capitalism bro" though. It's literally the only logical outcome in a capitalist framework