More accurately: such an environment requires paying a premium to compensate for the decreased job security. (As with any market, employees expect to be compens

More accurately: such an environment requires paying a premium to compensate for the decreased job security. (As with any market, employees expect to be compensated for their higher risk with higher returns.) Netflix, for example, and Amazon (to some extent) have gotten away with this model but the vast majority of companies are simply unwilling to pay top of market.