Absolute raving nonsense from this guy, as usual. Supply and demand clearly favor the employees, and most tech ceos are barely maintaining the market share they have. Nobody is moving a company. They might open an hq for subsidies.
Difference between dot com and now is every company is a tech company. Someone is always there to vacuum up the layoffs. So many companies need engineers and can’t afford them. Like the real estate, cut the price 5% and someone will snap it up.
But income is actually still going up right now.