It's bad if you're in the U.S. Companies hire folks in the US to fire them later if they want to. That's how it works, and everyone understands that we can hire today, we can fire tomorrow, because of "employment at will". Those high salaries don't mean anything anymore. If your salary was $200K and you spent 1 year to find a job, your salary is now $100K. Compare it to other countries - Germany, for example. Salaries are lower, but if you work, you can't be fired. You're getting your paycheck, you're protected by laws, and it's your American fella who is going under the bridge with his family, not you.

We really need to make "employment at will" illegal.

Personal anecdote from Russia (I hold expired Russian passport and have many friends from there). Auto-translated from chats (reach out if you're curious getting the origin link):

=== 8< ===

Another moment. When I was completely desperate to find a job here in our region, I published a CV on the Russian HH.ru. And there is a lot of activity there. In one day, they wrote to me vk, sber, yandex and several other fairly well-known offices. And all as one are looking for remote employees, but for some fucking reason that is not clear to me, I have to be on the territory of the Russian Federation. That's just an exception with Yandex. They can arrange in Serbia. But you also have to go there.

=== >8 ===

I don't know what they did to the US economy, so now it's even worse here than it is in Russia.