Have been on both sides, running a company, and being an employee. Neither side is happy with current status-quo, but we're at some equilibrium. How does this

Have been on both sides, running a company, and being an employee. Neither side is happy with current status-quo, but we're at some equilibrium. How does this sound as new equilibrium: companies pay across board become around ~40%-50% less than it is today. Avg tenure and stability goes up ~2x what is today. Would we as an industry take this up?