[lelanthran]

> Everyone who got laid off wouldn't have had at a job at all if they weren't hired,

Incorrect. Many of those people already had a job when the moved to Amazon/Microsoft/wherever.

Since no one makes a horizontal movement, all the roles they vacated when moving where lower roles. And this argument goes recursively when the old company fills those roles.

This means that most people who did not have a job prior to the hiring explosion and had a job after the hiring explosion, had low-paying jobs, in very low roles.

[sokoloff]

People take lateral moves quite frequently.