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All supplies a source of wage suppression pressure. It has zero to do with the savings from the fired worker.

It really does look like tacit collusion among tech companies to reduce wages.

It seems like collusion to appease the Fed to stop increasing rates.

Interview with Larry Summers, Former Secretary of the Treasury | The Problem with Jon Stewart

https://www.youtube.com/watch?v=tU3rGFyN5uQ

Jon Stewart is an incredible interviewer, he was able to expose Summers praising billions of dollars of corporate profits while completely disregarding people losing their jobs in almost the same sentence.

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