I've dabbled in management a few times in my career. This meant attending manager-only meetings and trainings. I'll never forget one time when a manager in a focus group said something along the lines of, "The tech sector is going through a rough patch, so we can turn the screws on our employees and they'll have to take it because they will have a hard time trying to find a job somewhere else." This is at a company w…
Maybe some managers will be faster to exploit things when supply/demand turns in their favour, but pretty quickly the invisible hand of the market would have readjusted anyway.