I think it's about most corporate hiring and comp practices being tuned to weak labor markets where workers don't have many options and there's not strong compe

I think it's about most corporate hiring and comp practices being tuned to weak labor markets where workers don't have many options and there's not strong competition for workers. Doesn't work well in stretches when tech is red-hot, which tends to be at least half the time, over a long time-line, at least so far.