The two aren't unrelated. In the distant past companies had professional and personal development programs. Some even had a commitment to try to avoid layoffs.

The two aren't unrelated. In the distant past companies had professional and personal development programs. Some even had a commitment to try to avoid layoffs. When MBA culture took over in the 80s it became normal for companies to act like extraction machines. Employee loyalty crashed, with a corresponding increase in churn. Taking investment money makes it hard to create a humane culture. But smaller private companies do at least have the option to consider it.