> That's what private companies are supposed to do though.

Google is not a private company though.

> The type of people working for Google will be the first to get hired when the economy picks up again

So instead of spending the time looking for a job, possibly relocating, settling down, getting used to a new workplace, etc, and staying there, they get to do all that and then do it again. This is not a trivial set of events to have to redo.

> if you really care about the impacts of boom and bust don't worry about what the private sector is doing

This makes zero sense.

> link

No thanks.