Specifically the recession talk seemed to be an attempt to destroy what little gains labor had made in the past couple years. A banking crisis is not exactly th

Specifically the recession talk seemed to be an attempt to destroy what little gains labor had made in the past couple years. A banking crisis is not exactly the same but would lead to the same public justifications. As a personal anecdote: In the wake of 2008 massive layoffs flooded the market driving down costs for... not necessarily skilled but educated labor. Target for instance suddenly decided that being an ETL required a college degree, a requirement that they relaxed in 2021. I'm aware creating a public justification for creating a mass of unemployed skilled (read: otherwise expensive) laborers is in their benefit. It's just that the public face of this is destroying their own systems then claiming literally any and everything other than their own actions are at fault while simultaneously positioning themselves to benefit from any attempt at preventing economic disaster.