the original designers would end up on the streets
They've already made their money during the time they had the patent, so I imagine they'll not be on the streets in any literal sense. Also they have much more experience of successfully selling their product, so they could iterate to a new, better version.
Usually the main creative engineers that developed those products didn't really make big $, instead sold their companies before bankruptcy to bigger players that then made some bucks off them by economy of scale, product synergies etc.
Comments
the original designers would end up on the streets
They've already made their money during the time they had the patent, so I imagine they'll not be on the streets in any literal sense. Also they have much more experience of successfully selling their product, so they could iterate to a new, better version.
Usually the main creative engineers that developed those products didn't really make big $, instead sold their companies before bankruptcy to bigger players that then made some bucks off them by economy of scale, product synergies etc.