One word: counter-offer
Welcome to the world (plane?) of zero-sum games and adversarial strategies! Appealing to fairness doesn't help in this world - because the values and corresponding strategies of your management and yourself are fundamentally adversarial to each other - that is, your delta of profit is their delta of loss. People like to argue sophisticated game theoretical takes that serve to obfuscate this simple truth.
For a more esoteric take: You could as well model our life as a trajectory unfolding across a stack of "planes" - most common people manage to constrain their limited & valuable attention to "narrative plane" or "social plane" where the main "control points" (as in Bézier curves) are mainly various narratives floating around and signals of social (dis)approval applied to you. Compared to the harsher plane of adversarial game theory I mentioned earlier this social plane is much more fuzzy and forgiving (main message - be a nice person, get an average nice life). Yet for all its self-evident harshness, keeping one's attention away from the adversarial plane (where the main control points are hard decisions, often legally-powered, decisions bearing heavy financial and business implications) leads one to sub-optimal outcomes.
If you play this game by its true rules, your score will increase. That being said, I agree with the increasingly common sentiment that this is long-term unsustainable (sobering statistic: https://florentcrivello.com/wp-content/uploads/2022/09/image... ). Some solution is increasingly becoming necessary, and this solution is likely some form of UBI.
Why our politics is dominated by various local and global non-sequitur causes and not this sobering issue of rising necessity of UBI is an exercise left to the reader.