I don't know that I go so far as that take, but it certainly feels in some cases like companies had to "bite their tongues" as demand for employees and comp skyrocketed, and now that things are starting to stall, they are picking l pouncing on it to regain the power dynamic they once had through the threat of "be lucky you still have a job."

And then they wonder why people leave once conditions permit.

In some ways it's almost like the economic change is _welcomed_ because it puts downward pressure on comp (for companies that can weather the storm at least).