For 2: we still have a severe labor demand deficit. Software will continue to eat the world. What we are seeing here is corporation shortsightedness and greed.

You can make a killing in a quarter by firing all your workers. You won't be around for the next quarter.

A day of reckoning will come triggered by spectacular failures of big corporations that pawned their future + infusion of cash as the economy "recovers". At that point in time the pendulum will swing and hopefully people will not forget the absurd way they were treated.