[fritztastic]

People are expected to keep savings to weather through the lean times, and corporations should do the same- set up a fund to keep valued workers through lean times.

From personal experience, you can do good work and still be laid off. I got laid off a couple months after the company's president gave himself a 5M bonus, fully aware a recession was ongoing and that measures would have to be taken.

From my perspective many businesses are very happy to have people stick around to do the work with less pay, dur8ng good times they give the profits of this labor to the people at the top + shareholders and then when a downturn comes they trim off workers. They could have kept the people they laid off and paid everyone more if they'd (rather than giving bonuses to executives) put that money away for a rainy day. I don't see the benefit of having loyalty and working yourself to the bone when the people you're working for have lots of loyalty to the bottom line, themselves, and their investors, yet very little to the quality of life of the people who work under them.

Sure, I'm willing to work crazy hours and do whatever needs to get done but I expect to be met halfway and be respected (preferrably properly compensated) for the sacrifices I'm willing to make for the work I do.