I sincerely don't think we should put the salaries as the deciding factor here. The crux of the issue is what you said: employee protections.
The only reason they over-hire in the first place is how cheap and easy it is to layoff afterwards. They are allowed to bet with human capital because of it.
I would most definitely take a paycut if it meant everyone would get better protections, higher salaries and stability. Unfortunately this is not a popular view and will likely never happen anyways.
In my country we had above average labor laws and in recent years all we see are new ways to circumvent them or laws removing those rights. It's sad to see but it's what capitalism's end game dictates.
Google plans to lay off employees in every country. US Googlers were fired overnight, while it will take a couple of months in other countries. I'm curious how it will work with every country legislation, e.g. in France and Germany.
It seems to beneficial to the employers, but with every other short-sighted scheme American capitalists come up with there is a downside to their long-term strategy; employees are extremely focused on jumping ship after a year now which ensures lots of projects will fail simply due to the knowledge base constantly shifting. You can’t have it all but it doesn’t stop them from trying.
The only reason they over-hire in the first place is how cheap and easy it is to layoff afterwards. They are allowed to bet with human capital because of it.
I would most definitely take a paycut if it meant everyone would get better protections, higher salaries and stability. Unfortunately this is not a popular view and will likely never happen anyways.
In my country we had above average labor laws and in recent years all we see are new ways to circumvent them or laws removing those rights. It's sad to see but it's what capitalism's end game dictates.