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@ramsey Yes, it think that’s roughly of a piece with the “capital strike” theory.

If so, either (1) those jobs were never providing any actual value to businesses in the first place, or (2) it’s an unsustainable gambit on employers’ part. But I do agree there seems to be an appetite for that, for believing that •somehow• they can shrink the job pool and cut their salary costs, and the belief that they can almost seems to preceded the “how.”