The implicit assumption here is that you can always change jobs. That’s not true if the economy is bad. We now have a generation of people in the workforce th

The implicit assumption here is that you can always change jobs. That’s not true if the economy is bad. We now have a generation of people in the workforce that have not seen a downturn. Back in 2001-2003, I was locked into a startup that cut our already below market pay by 20% due to the poor job market at the time. There are simply times when it is difficult to move companies due to macroeconomic trends.