Companies aren't charities. Just because they can afford to hire or keep an employee doesn't mean they should or have to. You're also forgetting that raw dolla

Companies aren't charities. Just because they can afford to hire or keep an employee doesn't mean they should or have to. You're also forgetting that raw dollars are not how companies are viewed. Every company is viewed on how it performs agains the risk free return rate. The rate going from 0 -> 5+ means companies must now generate returns in excess of the RFR in line with their generally accepted risk. This is the ultimate outcome of raising rates to reduce inflation - across the board layoffs lowering averages salaries.