[Apocryphon]

Your employer can also choose to terminate that relationship at any time. No problem, you could just get a job at another shop, right? Except when the black swan appears and all the other companies are doing layoffs and freezes, flooding the market with talent while limiting positions. Then, in that hour of crisis, is the true nature of the relationship revealed at last.

[badpun]

That's why you have savings to wait out that period...

[nickd2001]

As software devs. we can save, right? :). Not sure the same logic applies to people on low wage jobs. Or people like the characters in the movie "Nomadland" (which is supposed to be true to life)

[red-iron-pine]

Or live in a country that affords you a safety net and has rules for terminations.