@fuzzychef
Investors want wages low so profits are high.

If several employers in a given field cull their workforce at the same time, wages generally in that field will decrease.

If workers don't like being squeezed like this from time to time, collective bargaining regarding certain working conditions --when and how layoffs happen, seniority, etc., seems like the best answer.

But herding cats making $300,000/year is not easy.