As an employee, the slower market might mean that you don't get a job, because you're more of a long-term risk. I'm by no means arguing that hire and fire is t

As an employee, the slower market might mean that you don't get a job, because you're more of a long-term risk. I'm by no means arguing that hire and fire is the best approach, but it makes the market more flexible. So even if you lose your job (less job security), you'll have less trouble finding a new one (less risk).