american tech leaders are just herding, basically responding to investor sentiment which regards the tight employment market as the cause of inflation, which is

american tech leaders are just herding, basically responding to investor sentiment which regards the tight employment market as the cause of inflation, which is killing the real value of their wealth in equities. is the tight labor market the cause of the current inflation? maybe. will layoffs curb inflation and boost equity prices? maybe. maybe not! but the fever has taken hold and if you are in senior leadership of a big tech company you are looking around and wondering why aren’t you laying people off too. japanese companies just don’t have the same relationships, the same board membership cross polinations, the same social circles etc. it’s easier to recognize that it’s better for the health of your company to have happy employees with loyalty and motivation than distrusting workers who are all wondering when the axe is coming for them