The point is that isn’t what’s happening. From the workers’ perspective it’s a convenient narrative.
The truth is, as usual, messier: constrained executives are confronted with targets they don’t know how to meet, and so start shoving round pegs into square holes.
And very seldom suffer themselves for their choices.
Sure. Yes. Wealth insulates. Firing the CEO before a lay-off is stupid; it means every hire is a job risk. If we want that, Europe has it better figured; socialise the risk of unemployment.