We need to start educating people about cycles and how times of both scarcity and abundance will happen.

During growth phases, CEOs will hire like crazy because they don’t know how long it will last and they are competing against other behemoths.

During down turns, you simply can’t keep those heads employed and compete. It’s part capitalism and part innovation cycles.

Adding more employee protection, or hiring less people during growth phases doesn’t viable either, as both have significant side effects.

Being let go or made redundant is a hard time, and I sympathise. The government can’t stop it, or even minimise it in a meaningful way without side effects (including inflation).

I’m not defending CEO payouts or salaries. However a down cycle will last longer than any CEOs compensation package can prop up and keep all heads.

The best solution is an individuals diversity of income and to reduce reliance on a single income source or stream. Lessen the single point of failure (of income).

Bitcoin and Nostr can help empower individuals here.