I’m not saying this IS happening, but there’s a potential tin-foil hat angle here too. There was quite a bit of job hopping and increased wages going on before

I’m not saying this IS happening, but there’s a potential tin-foil hat angle here too. There was quite a bit of job hopping and increased wages going on before 2022. A little RIF by everyone has a chilling effect on people looking to leave. People prefer stability when times are tough. And cutting total number of available positions across the industry can have the effect of suppressing wages. Again, I have no reason to believe this is happening, but it IS a potential motive.