I'm kinda with you that in most situations corporations would probably be better off hiring slower and then riding out downturns on cash. But big picture I dis

I'm kinda with you that in most situations corporations would probably be better off hiring slower and then riding out downturns on cash. But big picture I disagree. We kind of need creative destruction in an economy - we need to be able to lay off people in horse buggey industries so that they can be hired to make Model T's. We're better off focusing on our social safety network and having a job market that encourages some amount of transit between careers.