I'm not buying the idea that "corporate greed" led to over hiring to control the labor market. In fact, if the companies were really greedy, they would only hir

I'm not buying the idea that "corporate greed" led to over hiring to control the labor market. In fact, if the companies were really greedy, they would only hire the LEAST amount of developers and actually increase their bottom line and ergo, more profit for their shareholders. Which makes far more sense then expanding your overhead which actually reduces the amount of money your company profits.